Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
Yasui Daishin, a significant shareholder in HeartCore Enterprises , Inc. (NASDAQ:HTCR), recently sold 2,500 shares of the company’s common stock. The shares were sold at an average price of $1.055 each, amounting to a total transaction value of $2,637. Following the sale, Daishin holds 2,322,625 shares directly. This transaction was reported in a recent SEC Form 4 filing.The sale comes as HeartCore trades at a P/E ratio of 7.01, suggesting an attractive valuation according to InvestingPro metrics. Investors should note the company’s upcoming earnings report scheduled for March 27, which could provide fresh insights into its performance. The stock has shown significant volatility, currently trading at $0.98, down about 46% year-to-date, though it maintains strong fundamentals with a current ratio of 1.88 and more cash than debt on its balance sheet.
In other recent news, HeartCore Enterprises, Inc. has established a Compensation Committee and a Nominating and Corporate Governance Committee within its Board of Directors. This change follows CEO Sumitaka Yamamoto’s reduction in share ownership, which resulted in the company losing its "controlled company" status. The committees are composed of independent directors, with Ferdinand Groenewald, Heather Neville, and Koji Sato serving on both. Heather Neville will chair the Compensation Committee, while Koji Sato will chair the Nominating and Corporate Governance Committee. The formation of these committees is part of HeartCore’s efforts to comply with Nasdaq requirements, which demand a majority of the board be independent directors and that executive compensation and director nominations be managed by independent committees. The company has a year to meet the majority independent board requirement, with three out of six current board members being independent directors. The charters for these committees have been filed with the SEC, marking a significant step in HeartCore’s governance restructuring.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.