HeartCore Enterprises, Inc. announced on August 28, 2025, that it has regained compliance with the $2,500,000 minimum stockholders' equity requirement set forth by Nasdaq.
The company received written notice from the Nasdaq Stock Market stating the compliance based on its Quarterly Report on Form 10-Q for the period ended June 30, 2025.
This announcement signifies a positive development for HeartCore and its standing on the Nasdaq Capital Market.
Regained Compliance
HeartCore regained compliance with the minimum stockholders' equity requirement of $2,500,000 as per Nasdaq Listing Rule 5550(b).
Financial Report Compliance
The company's Quarterly Report on Form 10-Q for June 30, 2025, reported stockholders' equity of $3,559,017, ensuring compliance with the minimum requirement.
Nasdaq Approval
The Nasdaq Staff confirmed compliance and closed the matter, indicating a stable position for HeartCore on the Nasdaq Capital Market.
- The regained compliance with the minimum stockholders' equity requirement boosts investor confidence in HeartCore's financial stability and market position.
- This development reflects positively on the company's performance and could lead to increased investor interest and potential stock value appreciation.
HeartCore's successful compliance restoration showcases its commitment to regulatory standards and financial transparency, reinforcing trust among investors and stakeholders.