Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 94

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 28, 2023, the Company issued a convertible
note to the investor in the principal amount of $2,000 which resulted in gross proceeds to the Company of $1,700 (the “First Tranche
Note”) and Warrants to purchase up to an aggregate of 1,434 Warrant Shares (the “First Tranche Warrants”). The First
Tranche Note, and the First Tranche Warrants have an initial fixed conversion and exercise price of $858.27 per share, respectively,
subject to adjustment. The First Tranche Warrants carry a 5-year term and, if not exercised, will terminate on December 28, 2028. 

20

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

             Weighted          Weighted   Average          Average   Remaining      Number of   Exercise   Contractual   Warrants  Warrants   price   Term   Outstanding on January 1, 2025   3,883   $1,991.05    2.55   Granted   1,453,433    20.92    4.87   Outstanding on June 30, 2025   1,457,316    26.17    4.87   Exercisable on June 30, 2025   1,459,214   $23.82    4.87  

             Weighted          Weighted   Average          Average   Remaining      Number of   Exercise   Contractual   Warrants  Warrants   price   Term   Outstanding on January 1, 2024   3,884   $1,989.51    4.07   Outstanding on June 30, 2024   3,884    1,989.51    3.82   Exercisable on June 30, 2024   1,123   $1,989.51    3,82  

The following table summarizes the activities for our unvested warrants
for the six months ended June 30, 2025.  

    Weighted average Grant