Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 350

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 350
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 2,629,038 common stocks at an average
price of $0.45

(ii)On
March 6, 2025, the Company repaid its outstanding convertible note for a value of $1.50 million.

(iii)On February 28, 2025, the Company announced a private offering
of common stock and issued 36,190,476 shares at a price of $0.42 per share, for gross proceeds of approximately $15.2 million. Net proceeds
to the Company were approximately $13.68 million, after deducting placement agent fees and other expenses payable by the Company. The
Company expects to use the net proceeds from the offering for future acquisitions, general corporate purposes, and working capital requirements.

(iv)On February 24, 2025, the Company executed a settlement agreement
as follows:

  Particulars  Liability 
as of 
12.31.2024   Amount   Settlement type  Number of 
common stocks 
issued (1)   Contingent    500,000    100,000   Cash (2)   -   consideration        400,000   Common stock   594,130   Commission   285,918    22,049   Cash (3)   -            88,194   Common stock   130,997   Commission   45,166    30,306   Cash (4)   -   Consulting fees   60,000    -   Waived (5)   -   Total   891,084    640,549       725,127  

(1)The Common stocks were issued on March 3, 2025, based on the 10 day VWAP of $0.6733.

(2)The settlement of commission of $100,000 to be paid on or before March 31, 2025.

(3)The settlement of commission of $22,049 to be paid on or before April 1, 2025.

(4)The settlement of commission of $30,306:

$10,000 to be paid on April 1, 2025.
$20,206 to be paid on
June 1, 2025

(5)The consulting fees of $60