HeartCore shares surge 19.95% premarket after authorizing $2M share buyback as net assets exceed market cap post-restructuring.

HeartCore Enterprises surged 19.95% in premarket trading following the announcement of a $2.0 million share repurchase program, which the board authorized as part of a disciplined capital allocation strategy. The company cited preliminary estimates showing its total net assets exceeded market capitalization as of February 24, 2026, signaling undervaluation and confidence in long-term shareholder returns. The program aligns with recent business restructuring and improved profitability outlook, with CEO Sumitaka Kanno emphasizing the strategic focus on financial consulting and IPO services. The repurchase initiative, which allows open-market or Rule 10b5-1 transactions, underscores management’s commitment to returning capital to shareholders while maintaining growth flexibility.