Company: HCTI
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001213900-25-041190
Chunk: 44

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-09
Form: S-1/A
Chunk 44
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 things, the issuance was made without any public solicitation to a limited number of accredited investors
and/or qualified institutional buyers and were acquired for investment purposes only.

Issuances of Common Stock

We issued 393,000 shares of common stock (the
“Shares”), a Pre-Funded Warrant (the “Pre-Funded Warrant”) to purchase up to an aggregate of 216,756 shares of
the Company’s common stock (the “Warrant Shares”) and Preferred Investment Options (the “Preferred Investment
Options”) to purchase up to an aggregate of 609,756 shares of common stock (the “PIO Shares” and together with the Shares,
Pre-Funded Warrant and the Warrant Shares, the “Securities”) pursuant to the terms and conditions of the Securities Purchase
Agreement, dated as of July 10, 2022, between us and a single purchaser. In addition to this, in connection with this offering, we also
issued to the Placement Agent, or its designees, Placement Agent Preferred Investment Options to purchase up to an aggregate of 42,683
shares of the Company’s common stock.

The issuance of the common stock listed above
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 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
ex