Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 826

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 826
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 of Conversion
Shares issued as payment is limited by the floor price, the Company is required to pay the economic difference in cash.

On December 28, 2023, the Company issued Senior
Secured 15% Original Issue Discount Convertible Promissory Note for an initial amount of $2,000,000 of convertible notes with an annual
interest rate of 18% and a maturity term of 18 months. In connection with this issuance, the Company also issued 357,500 warrants, each
allowing the holder to purchase shares of the Company’s common stock at an exercise price of $3.44688, exercisable until December
28, 2028.

F-21

The Company recorded $0 for the year ended December 31, 2024 and $435,000 as debt discount and $356,000 using the relative fair value
method for the period December 31, 2023. 

The Company has amortized $702,000 of debt discount
during the period ended December 31, 2024 and $0 for the year ended December 31, 2023.

(i)

    Date 
    Installment  
    Loan  
    Conversion
    fees  
    Total
    repayment  
    Conversion
    price  
    No
    of
    shares  
    Equity  
    APIC 
  
    2/14/2024 
    1  
    $125,000  
    $6,250  
    $131,250  
     1.93  
     68,005  
     1  
    $131,249 
  
    2/14/2024 
    2  
    $125,000  
    $6,250  
    $131,250  
     1.93  
     68,005  
     1  
    $131,249 
  
    3/1/2024 
    3  
    $125,000  
    $6,250  
    $131,250  
     1.92  
     68,359  
     1  
    $131,249 
  
    3/1/2024 
    4  
    $125,000  
    $6,250  
    $131,250  
     1.92