HeartCore’s Go IPO Client, rYojbaba Co., Ltd., Begins Trading on the Nasdaq Stock Market
HeartCore Enterprises (Nasdaq: HTCR) announced that its Go IPO client, rYojbaba Co., Ltd., has successfully begun trading on the Nasdaq Capital Market under the symbol "RYOJ". As compensation, HeartCore received $500,000 in initial fees and warrants to acquire 3% of rYojbaba's common stock, valued at approximately $1.35 million.
HeartCore provided comprehensive IPO assistance services, including audit support, document translation, and F-1 filing preparation. The company has signed two new Go IPO clients this year and expects additional client listings in late 2025 or early 2026. The warrants received are expected to contribute significantly to HeartCore's Q3 revenue.
HeartCore Enterprises (Nasdaq: HTCR) ha annunciato che il suo cliente Go IPO, rYojbaba Co., Ltd., ha iniziato con successo la quotazione sul Nasdaq Capital Market con il simbolo "RYOJ". In cambio, HeartCore ha ricevuto 500.000 $ in commissioni iniziali e warrant per acquisire il 3% del capitale ordinario di rYojbaba, valutati circa 1,35 milioni di $.
HeartCore ha fornito servizi completi per l'IPO, tra cui supporto per le verifiche contabili, traduzione dei documenti e preparazione del deposito F-1. L'azienda ha firmato due nuovi clienti Go IPO quest'anno e prevede ulteriori quotazioni tra la fine del 2025 e l'inizio del 2026. I warrant ricevuti dovrebbero dare un contributo significativo ai ricavi del terzo trimestre di HeartCore.
HeartCore Enterprises (Nasdaq: HTCR) anunció que su cliente Go IPO, rYojbaba Co., Ltd., ha comenzado con éxito a cotizar en el Nasdaq Capital Market bajo el símbolo "RYOJ". Como compensación, HeartCore recibió 500.000 $ en honorarios iniciales y warrants para adquirir el 3% de las acciones ordinarias de rYojbaba, valorados en aproximadamente 1,35 millones de $.
HeartCore brindó servicios integrales para la OPI, incluyendo apoyo en auditoría, traducción de documentos y preparación del formulario F-1. La compañía ha firmado dos nuevos clientes Go IPO este año y espera más cotizaciones a finales de 2025 o principios de 2026. Se espera que los warrants recibidos contribuyan de forma notable a los ingresos del tercer trimestre de HeartCore.
HeartCore Enterprises (Nasdaq: HTCR)는 자사 Go IPO 고객인 rYojbaba Co., Ltd.가 "RYOJ"라는 심볼로 Nasdaq Capital Market에 성공적으로 상장 거래를 시작했다고 발표했습니다. 대가로 HeartCore는 초기 수수료 50만 달러와 rYojbaba 보통주 3%를 취득할 수 있는 워런트(약 135만 달러 상당)를 받았습니다.
HeartCore는 감사 지원, 문서 번역, F-1 제출 준비 등 IPO 전반에 걸친 서비스를 제공했습니다. 회사는 올해 두 개의 신규 Go IPO 고객과 계약을 체결했으며 2025년 말이나 2026년 초에 추가 상장을 기대하고 있습니다. 수령한 워런트는 HeartCore의 3분기 매출에 상당한 기여를 할 것으로 예상됩니다.
HeartCore Enterprises (Nasdaq: HTCR) a annoncé que son client Go IPO, rYojbaba Co., Ltd., a commencé avec succès à être négocié sur le Nasdaq Capital Market sous le symbole "RYOJ". En rémunération, HeartCore a reçu 500 000 $ de frais initiaux et des warrants lui permettant d'acquérir 3% du capital ordinaire de rYojbaba, évalués à environ 1,35 million de $.
HeartCore a fourni des services complets d'accompagnement à l'IPO, incluant le soutien d'audit, la traduction des documents et la préparation du dépôt F-1. La société a signé deux nouveaux clients Go IPO cette année et prévoit d'autres introductions en bourse fin 2025 ou début 2026. Les warrants reçus devraient contribuer de façon significative aux revenus du troisième trimestre de HeartCore.
HeartCore Enterprises (Nasdaq: HTCR) gab bekannt, dass sein Go-IPO-Kunde rYojbaba Co., Ltd. erfolgreich unter dem Symbol "RYOJ" am Nasdaq Capital Market gehandelt wird. Als Vergütung erhielt HeartCore 500.000 $ an Anfangsgebühren sowie Warrants zum Erwerb von 3% der Stammaktien von rYojbaba, bewertet mit rund 1,35 Mio. $.
HeartCore erbrachte umfassende IPO-Dienstleistungen, darunter Prüfungsunterstützung, Übersetzung von Dokumenten und Vorbereitung der F-1-Einreichung. Das Unternehmen hat dieses Jahr zwei neue Go-IPO-Kunden gewonnen und erwartet weitere Börsnotierungen Ende 2025 oder Anfang 2026. Die erhaltenen Warrants dürften einen bedeutenden Beitrag zu HeartCores Umsatz im dritten Quartal leisten.
- Received $500,000 in initial fees plus warrants worth $1.35 million for IPO services
- Successfully listed client rYojbaba on Nasdaq, validating Go IPO business model
- Signed two new Go IPO clients in 2025, showing business growth
- Additional client listings expected in late 2025 or early 2026
- Warrants expected to contribute significantly to Q3 revenue
- None.
Insights
HeartCore's Go IPO service yields $1.85M in revenue through client listing, with more IPOs in pipeline, boosting near-term financials.
HeartCore Enterprises has successfully guided its client rYojbaba to a Nasdaq listing, generating immediate financial benefits for HeartCore. The company has received
The Go IPO business line appears to be gaining momentum with two new clients already signed this year and several others progressing toward potential listings in late 2025 or early 2026. Management clearly views this service line as a strategic growth driver, providing what they call "opportunistic revenue upside" - essentially high-margin, milestone-based income that complements their core enterprise software business.
The warrant structure is particularly noteworthy as it creates an ongoing alignment of interests between HeartCore and its clients' success. Management explicitly stated these warrants will contribute to third-quarter revenue, suggesting immediate financial impact. The timing of this announcement amid what has been a challenging IPO market indicates HeartCore has found a viable niche helping smaller Asian companies navigate U.S. public listings.
This represents a diversified revenue stream for HeartCore beyond its core software business, with the potential for meaningful financial contributions as the IPO advisory service scales with additional clients.
NEW YORK and TOKYO, Aug. 18, 2025 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), a leading enterprise software and consulting services company based in Tokyo, announced its Go IPO client, rYojbaba Co., Ltd. (“rYojbaba”), has successfully commenced trading under the symbol “RYOJ” on the Nasdaq Capital Market. HeartCore was compensated through an aggregate
Pursuant to the initial agreement, the Company assisted rYojbaba throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more.
“I am pleased to announce the successful listing of our client, rYojbaba, on the Nasdaq Capital Market,” said HeartCore CEO Sumitaka Kanno. “This milestone not only represents a major achievement for our client but also is an encouraging sign for broader IPO activity, particularly within the micro- and small-cap realm. So far this year, we’ve signed two new Go IPO clients, highlighting our commitment to continue expanding our client base and deepening our engagement across Japan and the broader Asia-Pacific region. Additionally, several of our other Go IPO clients are progressing well in their IPO journey, and we may see one or more further listings later this year or in early 2026. Our Go IPO business continues to serve as a valuable growth engine, offering opportunistic revenue upside. We anticipate that the warrants we received as part of our services will contribute meaningfully to our third quarter revenue and look forward to supporting our other Go IPO clients through their journey toward a U.S. listing.”
About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, with offices in New York and San Francisco, CA, HeartCore is a leading enterprise software and IPO consulting services company. HeartCore offers Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design.
HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises.
HeartCore’s Go IPOSM consulting service helps Japanese-based companies go public in the U.S.
Additional information about the Company's products and services is available at https://heartcore-enterprises.com/.
Forward-Looking Statements
All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believed,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue,” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HeartCore’s control which could, and likely will materially affect actual results, and levels of activity, performance, or achievements. Any forward-looking statement reflects HeartCore’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein.
HeartCore Investor Relations Contact:
Gateway Group, Inc.
John Yi and Steven Shinmachi
HTCR@gateway-grp.com
(949) 574-3860
FAQ
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