Company: HCTI
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-027277
Chunk: 37

Company: Healthcare Triangle, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 37
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 issuance
of securities was made to an accredited investor and did not involve a public offering. The recipient of such securities represented its
intention to acquire the securities for investment purposes only and not with a view to or for sale in connection with any distribution
thereof.

<div align='center'>II-3</div>

Issuances of Notes

The Company and an investor entered an agreement
on October 9, 2024, to issue to the investor 20% OID Promissory note for proceeds of $1,000,000. The original agreement contained the
terms to mutually extend the maturity date of the note up to January 31, 2025. The Company renegotiated the extension of the original
maturity of the note by three months from December 8, 2024, to March 8, 2025 and increased the maturity value of the note to $1,500,000
as per the terms of the note. The Company recorded an amount of $500,000 as an OID and repaid the note value of $1,500,000 on March 7,
2025.

The issuance of the Note listed above were deemed
exempt from registration under Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder in that the issuance of securities
were made to an accredited investor and did not involve a public offering. The recipient of such securities represented its intention
to acquire the securities for investment purposes only and not with a view to or for sale in connection with any distribution thereof.

Issuance of Series A Super Voting Preferred Stock

On July 12, 2021, we issued 6,000 shares of its
Series A Super Voting Preferred Stock to Mr. Suresh Venkatachari pursuant to the terms of his employment agreement. Each share of Series
A Super Voting Preferred Stock is entitled to 1,000 votes per share.

On March 12, 2025, we issued 14,000 shares of
its Series A Super Voting Preferred Stock to Mr. Suresh Venkatachari. Each share of Series A Super Voting Preferred Stock is entitled
to 1,000 votes per share.

The issuance of the Series A Super Voting Preferred
Stock was deemed exempt from registration under Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder in that the
issuance of securities did not involve a public offering. The recipient of such securities represented