HeartCore Enterprises, Inc 8-K, filed Oct 12, 2023
HeartCore Enterprises, Inc. (HTCR)
About this 8-K
HeartCore Enterprises, Inc filed this 8-K on October 12, 2023, reporting on events of October 11, 2023.
Items reported
- Item 1.02: Ended a material agreement
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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Item 1.02. Termination of Material Definitive Agreement.
On October 11, 2023, HeartCore Enterprises, Inc. (the “Company”) delivered written notice to Sutter Securities, Inc. (“Sutter”) that the Company was terminating the Common Stock Sales Agreement, dated May 29, 2023, by and between the Company and Sutter (the “Sales Agreement”), in accordance with its terms, which termination will be effective on October 21, 2023.
A description of the Sales Agreement is included in the Company’s Current Report on Form 8-K filed on May 31, 2023 (the “Announcement 8-K”), which description is incorporated by reference herein. Such description is qualified in its entirety by reference to the full text of the Sales Agreement, which was filed as Exhibit 10.1 to the Announcement 8-K and is incorporated by reference herein.
Item 8.01. Other Events.
Pursuant to the Sales Agreement, the Company filed a prospectus supplement on May 31, 2023 (the “ATM Prospectus Supplement”) pursuant to which it may offer and sell, from time to time, shares of its common stock having an aggregate offering price of up to $4,205,067 through Sutter as the sales agent (the “ATM Offering”). As of the date of this Current Report on Form 8-K, the Company has not sold any shares of common stock under the ATM Prospectus Supplement. The Company expects to terminate the ATM Prospectus Supplement and the ATM Offering immediately following October 21, 2023, the effective date of the termination of the Sales Agreement. The Company does not intend to make any additional sales of common stock under the ATM Offering.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HEARTCORE ENTERPRISES, INC. | ||
| Dated: October 12, 2023 | By: | /s/ Sumitaka Yamamoto |
| Name: | Sumitaka Yamamoto | |
| Title: | Chief Executive Officer | |