HeartCore announced that Nasdaq has granted the company a 180‑day extension to meet the exchange’s minimum bid‑price rule. The extension requires the company’s closing bid price to be at least $1.00 for ten consecutive business days by May 1 2026, after which Nasdaq may initiate delisting proceedings if compliance is not achieved.
The current trading price of HeartCore’s shares is $0.87, leaving a $0.13 gap to the $1.00 threshold. The low price reflects a broader market perception that the company’s valuation is not aligned with its earnings trajectory, despite strong revenue growth in its core Go IPO consulting business. The company’s Q3 2024 results showed revenue of $17.9 million and net income of $10.8 million, a sharp turnaround from a net loss in the same quarter a year earlier, underscoring a disconnect between operational performance and market valuation.
To address the bid‑price shortfall, HeartCore is evaluating a reverse stock split, a common tool used by companies to lift the share price while maintaining market capitalization. The company has also pursued other initiatives, such as expanding its Go IPO services into South Korea, converting its CMS platform into a SaaS offering, and divesting its software subsidiary. In late October, HeartCore announced a one‑time payment of $0.13 per share to shareholders, a distribution rather than a dividend, which may influence short‑term liquidity but does not directly affect the bid‑price requirement.
The extension follows a history of compliance challenges: a prior 180‑day extension in October 2023, an additional grace period in April 2024, and a successful recovery of the minimum stockholders’ equity requirement in August 2025. The company’s management has expressed confidence in its business model, noting that the strong revenue growth in the Go IPO segment should support a sustainable valuation if the company can translate that performance into a higher share price.
HeartCore’s ability to lift its bid price will be closely watched by investors. While the company’s underlying business remains robust, failure to meet the $1.00 threshold by the May 2026 deadline would trigger Nasdaq’s delisting process, potentially eroding shareholder confidence and limiting access to capital markets. The company’s current strategy, combined with its recent financial turnaround, suggests that it is actively working to close the valuation gap, but the outcome will hinge on market conditions and the success of its planned corporate actions.
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