HeartCore Enterprises, Inc. 8-K

What Happened

• HeartCore Enterprises, Inc. (HTCR) announced on April 1, 2026 (Form 8-K) that its Board approved a 1-for-20 reverse split of its common stock. The reverse split becomes effective April 2, 2026 at 4:00 p.m. Eastern Time and the stock is expected to begin trading on a reverse-split-adjusted basis under new CUSIP 42240Q203 on Nasdaq on April 6, 2026. The company said the action is intended to help regain compliance with Nasdaq’s $1.00 minimum bid price requirement.

Key Details

• Shareholder approval was previously granted June 30, 2025 for a reverse split ratio between 1-for-2 and 1-for-30; the Board selected 1-for-20.
• At the Effective Time, every 20 pre-split shares will be reclassified into 1 post-split share; fractional shares will be rounded up to the nearest whole share.
• Authorized shares and par value per share are unchanged; outstanding options and restricted stock units and plan share reserves will be adjusted proportionally.
• No action required for shareholders holding shares electronically; brokered positions will be adjusted per brokers’ processes. Holders of physical certificates will receive exchange instructions from transfer agent Transhare Corporation.

Why It Matters

• A reverse split reduces the number of outstanding shares and increases the per-share price; HeartCore is using this tool specifically to meet Nasdaq’s $1.00 minimum bid requirement and maintain its listing. For investors this changes share counts and per-share pricing (and proportionally adjusts equity awards) but does not change the company’s overall market value solely due to the split. Review your brokerage account after the effective date or follow instructions from your broker or Transhare if you hold physical certificates.