HeartCore Enterprises Inc. faces potential delisting from the Nasdaq Capital Market due to non-compliance with the minimum stockholders' equity requirement of $2,500,000. The company submitted a compliance plan by the deadline of July 8, 2025. On July 11, 2025, Nasdaq granted HeartCore an extension to meet this requirement. By September 30, 2025, the company must complete specified financing transactions to regain compliance. HeartCore has entered into an Equity Purchase Agreement allowing it to direct Crom Structured Opportunities Fund I, LP to purchase up to $25,000,000 in shares to assist in meeting the equity requirement.
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