HeartCore client rYojbaba starts trading on Nasdaq with $500,000 initial fee.

HeartCore Enterprises, a Tokyo-based enterprise software and consulting services company, announced its client rYojbaba Co., Ltd. has successfully commenced trading on the Nasdaq Capital Market. HeartCore was compensated with $500,000 in initial fees and warrants to acquire 3% of rYojbaba's common stock, worth approximately $1.35 million as of August 14, 2025. The Company provided assistance throughout the listing process, including audit and legal firm hiring, document translation, and F-1 filing preparation.

HeartCore Enterprises, Inc. (NASDAQ: HTCR) has announced that its client, rYojbaba Co., Ltd., has successfully commenced trading on the Nasdaq Capital Market under the symbol "RYOJ" [1]. The Tokyo-based enterprise software and consulting services company received $500,000 in initial fees and warrants to acquire 3% of rYojbaba's common stock, valued at approximately $1.35 million as of August 14, 2025 [1].

HeartCore provided comprehensive assistance to rYojbaba throughout the listing process, including audit and legal firm hiring, document translation, and F-1 filing preparation [1]. The company's CEO, Sumitaka Kanno, stated that this milestone represents a major achievement for rYojbaba and is an encouraging sign for broader IPO activity, particularly within the micro- and small-cap realm [1].

HeartCore has signed two new Go IPO clients this year and expects several other clients to progress in their IPO processes, with potential listings later this year or in early 2026 [1]. The company anticipates that the warrants received will contribute to its third-quarter revenue [1].

HeartCore operates from Tokyo headquarters with offices in New York and San Francisco, providing software as a service solutions and digital transformation services to enterprise customers in Japan and globally [2]. The company's Go IPO consulting service helps Japanese companies pursue public listings in the United States.

HeartCore's financial results for the second quarter of 2025 showed a return to profitability, with revenues of $4.7 million, a 16.7% year-over-year increase, driven by increased on-premise software sales and SaaS revenue [3]. The company achieved a gross profit of $2.2 million, a 175.2% increase year-over-year, and a net income of $1.1 million, compared to a $2.2 million loss in the previous year [3].

References:
[1] https://www.streetinsider.com/Corporate+News/HeartCore+client+rYojbaba+begins+trading+on+NASDAQ+under+symbol+RYOJ/25216529.html
[2] https://www.stocktitan.net/news/HTCR/heart-core-s-go-ipo-client-r-yojbaba-co-ltd-begins-trading-on-the-kwt5sym58j9h.html
[3] https://www.stocktitan.net/news/HTCR/heart-core-reports-financial-results-for-second-quarter-and-six-3h7yt87l4uiu.html