HeartCore Enterprises, Inc. 8-K

What Happened

• HeartCore Enterprises, Inc. announced a 1-for-20 reverse stock split of its common stock. Stockholders had previously authorized a reverse split within a 1-for-2 to 1-for-30 range on June 30, 2025, and the Board adopted a 1-for-20 split on March 4, 2026.
• The Company filed a Certificate of Amendment with the Delaware Secretary of State to effectuate the Reverse Split, which became effective for state law purposes at 4:00 p.m. Eastern Time on April 2, 2026 (after the Nasdaq close). The Company’s common stock began trading on a post-Reverse Split basis at the market open on April 6, 2026.
• As of the Effective Time, every 20 pre-split shares were reclassified into one post-split share; fractional shares resulting from the split were rounded up to the nearest whole share. The Company’s authorized share count and the par value per share were not changed by the Reverse Split.

Key Details

• Reverse split ratio: 1-for-20 (Board approved March 4, 2026; stockholders authorized range on June 30, 2025).
• Effective for state law purposes: April 2, 2026 at 4:00 p.m. ET; trading on Nasdaq on post-split basis began April 6, 2026.
• Fractional shares: any fractional post-split shares were rounded up to the nearest whole share.
• Authorized shares and par value per share: unchanged by the Reverse Split.

Why It Matters

• The reverse split reduces the number of outstanding shares and will typically increase the per-share trading price on a proportional basis; it does not by itself change shareholders’ proportional ownership (aside from the rounding of fractional shares).
• The filing does not state a reason for the Reverse Split. Investors should check their brokerage accounts for updated share balances and note the change in share count and per-share price when evaluating holdings or placing trades.