HeartCore (HTCR) Signs New IPO Consulting Deal with Cipher Core

HeartCore Enterprises, Inc. (NASDAQ:HTCR) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On July 2, HeartCore Enterprises, Inc. (NASDAQ:HTCR) announced that it has signed a consulting agreement with Cipher Core Co., Ltd.

This is the company’s 16th win for its Go IPO consulting service that helps Japanese-based companies go public in the US.

As part of the agreement, HeartCore Enterprises, Inc. (NASDAQ:HTCR) will be paid a total of $500,000 in fees by Cipher Core. Additionally, the company will receive a warrant that allows it to buy 3% of Cipher Core’s capital stock, on a fully diluted basis. If the consulting agreement extends beyond the initial 12-month term, HeartCore Enterprises, Inc. (NASDAQ:HTCR) will also be paid by the hour for any extra consulting work.

This is the second Go IPO contract that HeartCore Enterprises, Inc. (NASDAQ:HTCR) has secured this year. This shows that Japanese growth companies are still pursuing a US listing, even though the IPO market is currently challenging.

The company is also in discussions with several other companies in the Asia-Pacific region. Many of these companies are considering when and how to list on US stock markets. HeartCore Enterprises, Inc. (NASDAQ:HTCR) believes that the work it is doing now will lead to more deals in the long term.

HeartCore Enterprises, Inc. (NASDAQ:HTCR) is a Japanese enterprise software and IPO consulting services company that offers its solutions to enterprise customers in Japan and around the world.

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Disclosure: None. This article is originally published at Insider Monkey.