Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 726

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 726
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, respectively.

The Company issued nil and 31,250 common stocks
at a price of $4 amounting $125 towards the equity earnout for the year ended December 31, 2024, and December 31, 2023, respectively.

On May 26, 2023, the Company effected a one-for-ten (1:10) reverse stock split of its outstanding common stock to be in compliance with
the $1.00 minimum bid price requirement for continued listing. As a result of the reverse stock split, all previous and forward-looking
shares have been adjusted to the split. The Company’s issued and outstanding common stock were combined into one new share of common
stock resulting in a reduction of 304 rounding shares.

Preferred Stock

The Company’s Certificate of Incorporation
provides for a class of its authorized stock known as preferred stock, comprised of 10,000,000 shares, $0.00001 par value per share (the
“Preferred Stock”), issuable from time to time in one or more series.

Series A Preferred Stock

With respect to payment of dividends and distribution of assets upon liquidation, dissolution, or winding up of
the Corporation, whether voluntary or involuntary, the Series A Convertible Preferred Stock will rank: (i) senior to all other classes
or series of capital stock of the Corporation now existing or hereafter authorized, classified or reclassified, and (ii) junior to all
Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness convertible into Common Stock).

The holders
of the Series A Convertible Preferred Stock shall not be entitled to receive dividends paid on the Corporation's Common Stock.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary or involuntary, the Series B Convertible
Preferred Stock will rank: (i) senior to all other classes or series of capital stock of the Corporation now existing or hereafter authorized,
classified or reclassified, and (ii) junior to all Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness
convertible into Common Stock).

The holders of the Series B Convertible Preferred
Stock shall not be entitled to receive dividends paid on the Corporation's Common Stock.

Series B Preferred Stock

On
October 21, 2024, the Company acquired the customer contracts from SecureKloud Technologies, Inc (a common