HeartCore Enterprises, Inc. 8-K

What Happened
HeartCore Enterprises, Inc. (HTCR) announced on February 24, 2026 that its Board of Directors authorized a share repurchase program allowing the company to buy back up to $2.0 million of its outstanding common stock. The announcement was made via press release and disclosed in a Current Report on Form 8‑K.

Key Details

• Board authorization date: February 24, 2026.
• Program size: up to $2.0 million of common stock repurchases.
• Funding: expected to come from existing cash balances.
• Purchase methods: open market purchases, privately negotiated transactions, or Rule 10b5‑1 trading plans (pre‑set trading plans), as allowed by law.
• Program terms: discretionary purchases; no set termination date; may be modified, suspended or discontinued; company not obligated to repurchase any specific amount.

Why It Matters
A share repurchase program can reduce the number of outstanding shares and potentially increase earnings per share over time if shares are actually bought back. For investors, the announcement signals the Board believes the company has available cash and sees repurchases as a use of capital; however, actual impact depends on the timing, scale and execution of repurchases, which remain discretionary.