HEARTCORE ENTERPR. -,0001 Aktie

The stock of HeartCore Enterprises plunged intraday by about 20.6% to $3.01 after the company reported Q1 2026 revenue from continuing operations of $1.25 million (prior year $2.09 million) and a gross profit of only $74,045. Management voiced "substantial doubt" about the company’s ability to continue as a going concern; the liquidity position was highly strained with $774,033 in cash versus $5.86 million in short-term liabilities. Technical weakness, a 1:20 reverse split in April and a risk-off market environment following strong US jobs data intensified the selling pressure, and the stock is approaching its 52-week low. » Altro su de.investing.com

HeartCore Enterprises has approved a 1-for-20 reverse stock split effective Thursday at 4:00 p.m. ET and expects the shares to trade split-adjusted under new CUSIP 42240Q203 on the Nasdaq Capital Market starting April 6, 2026. The measure is intended to raise the share price (currently $0.22) to meet the $1.00 minimum for NASDAQ continued listing; shareholders had already approved the split on June 30, 2025. Every 20 common shares will be automatically combined into one share, fractional shares will be rounded up, electronic accounts will be adjusted automatically, and physical certificates will receive exchange instructions. » Altro su de.investing.com

The board of directors of HeartCore has approved a repurchase program for outstanding common shares of up to $2.0 million. According to preliminary, unaudited estimates, total net assets exceed the current market value of $6.69 million, and the stock trades at $0.26. Repurchases may be made in the market, through private transactions or under Rule 10b5-1 plans; the size and timing will depend on market conditions and available capital. CEO Sumitaka Kanno cites the refocus on financial advisory and “Go IPO” services and improved profitability prospects as the rationale. » Altro su de.investing.com