HeartCore Enterprises Announces 1-for-20 Reverse Split to Regain Nasdaq Compliance
HeartCore Enterprises will implement a 1-for-20 reverse stock split on April 2 to boost its share price above Nasdaq’s $1.00 minimum requirement, with split-adjusted trading starting April 6 under a new CUSIP. The micro-cap firm has a market capitalization of about $4.2 million and debt-to-equity near 0.25.
1. Reverse Split Implementation
HeartCore Enterprises’ board approved a 1-for-20 reverse split of its common stock effective April 2, with split-adjusted shares trading under new CUSIP 42240Q203 beginning April 6. Stockholders previously authorized the split in June 2025 and fractional shares will be rounded up to whole shares.
2. Nasdaq Compliance Objective
The primary goal is to raise the per-share price above Nasdaq’s $1.00 minimum bid requirement to maintain listing on the Capital Market. Pre-split shares were trading below $1.00, prompting the compliance measure after a 52-week range from roughly $0.15 to $1.67.
3. Financial Position and Market Metrics
HeartCore is a Tokyo-based IPO consulting firm with approximately $4.2 million in market capitalization, a beta of 1.99, and a debt-to-equity ratio near 0.25. Its current ratio stands near 1.40, and it reported $9.0 million in 2025 revenue alongside a $5.5 million net gain from an asset sale.