HeartCore shares surge 27.44% premarket after authorizing $2M buyback amid net assets exceeding market cap.

HeartCore Enterprises (NASDAQ: HTCR) surged 27.44% in premarket trading following the announcement of a $2.0 million share repurchase program. The board authorized the buyback, citing preliminary estimates that the company’s net assets exceeded its market capitalization as of February 24, 2026, signaling undervaluation. The move, part of a disciplined capital allocation strategy post-restructuring, aims to enhance shareholder value while maintaining growth flexibility. The program allows repurchases via open market, private transactions, or Rule 10b5-1 plans, with CEO Sumitaka Kanno emphasizing confidence in the company’s balance sheet strength and improved profitability outlook. The share repurchase aligns with HeartCore’s focus on financial consulting and IPO advisory services, reinforcing investor optimism about its strategic repositioning and long-term value creation.