Company: HCTI
Filing Date: 2025-02-25
Form Type: PRE 14A
Source: 0001213900-25-017146
Chunk: 26

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-25
Form: PRE 14A
Chunk 26
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Based solely on the closing price of our common
stock as reported on The Nasdaq Capital Market on February [●], 2025 and the [*] shares of our common stock that were outstanding
on January 1, 2025, the maximum aggregate market value of the [*] additional shares that could potentially be issued under the Plan,
assuming the Plan Amendment is approved, is approximately $[*]. The shares available for issuance by us under the Plan will be authorized
but unissued or reacquired shares.

Recommendation of the Board of Directors

THE BOARD RECOMMENDS THAT YOU VOTE “FOR” APPROVAL OF THE PLAN AMENDMENT.

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PROPOSAL THREE

RATIFICATION OF THE APPOINTMENT OF

OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

We have appointed M&K CPAS, PLLC as our independent
registered public accounting firm to perform the audit of our consolidated financial statements for the fiscal year ending December 31,
2024, and we are asking you and other stockholders to ratify this appointment. M&K CPAS, PLLC has audited our financial statements
since 2022.

The audit committee annually reviews the independent
registered public accounting firm’s independence, including reviewing all relationships between the independent registered public
accounting firm and us and any disclosed relationships or services that may impact the objectivity and independence of the independent
registered public accounting firm, and the independent registered public accounting firm’s performance. As a matter of good corporate
governance, the Board of Directors determined to submit to stockholders for ratification the appointment of M&K CPAS, PLLC. A majority
of the votes present in person, by remote communication (if applicable) or represented by proxy duly authorized at the meeting and entitled
to vote generally on the subject matter is required in order to ratify the appointment of M&K CPAS, PLLC. In the event that the required
majority do not ratify this appointment of M&K CPAS, PLLC, we will review our future appointment of M&K CPAS, PLLC.

We expect that a representative of M&K CPAS,
PLLC will attend the virtual Annual Meeting and the representative will have an opportunity to make a statement if he or she so chooses.
The representative will also be available to respond to appropriate questions from stockholders.

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered