Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 24

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 June 30,  2025  
    December 31,  2024 
  
    Convertible notes payable 
    $-  
    $    2,375 
  
    Less: discount 
     -  
     314 
  
    Notes payable, net of discount 
     -  
     2,061 
  
    Notes payable, current portion, net of discount 
     -  
     2,061 
  
    Notes payable, long-term portion, net of discount 
    $-  
    $- 

During the six months ended June 30, 2025, the
Company settled the entire balance of convertible note as shown below and there were no gain or losses upon settlement.

19

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

1.L1 Capital  

During the six months ending June 30, 2025, the
Company converted the outstanding principal of $875 and accrued interest and conversion fees of $316 on the L1 Capital convertible note.

    Date 
    Loan  
    Interest Accrual  
    Total repayment  
    Conversion price  
    No of shares 
  
    1/7/2025 
     125  
     43  
     168  
     154.38  
     1,086 
  
    2/3/2025 
     200  
     71  
     271  
     145.52  
     1,867 
  
    2/14/2025 
     175  
     64  
     239  
     101.97  
     2,341 
  
    2/18/2025 
     175  
     64  
     239  
     101.97  
     2,346 
  
    2/21/2025 
     200  
     74  
     274  
     93.77  
     2,919 
  
    Total 
     875  
     316  
     1,191  
        
     10,559 

2.Pioneer Garage

During the six months ending June 30, 2025, the
Company repaid convertible note loan