Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 342

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 342
---
3.50    954  

The following table summarizes the activities for our unvested warrants
for the year ended December 31, 2024.  

    Weighted average Grant Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2024 
     784,329  
    $3.61 
  
    Granted 
     —  
     — 
  
    Vested 
     (193,451) 
     3.91 
  
    Forfeited 
     —  
     — 
  
    Unvested on December 31, 2024 
     590,878  
    $3.51 

F-23

    Weighted average Grant  Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2023 
     622,960  
    $5.61 
  
    Granted 
     357,500  
     1.69 
  
    Vested 
     (121,952) 
     5.21 
  
    Forfeited 
     (74,179) 
     8.51 
  
    Unvested on December 31, 2023 
     784,329  
    $3.61 

The Company has recognized cost of $0 for the year ended December 31,
2024, and $0 for the year ended December 31, 2023.

C. Short term borrowing

    Particulars 
    2024  
    2023 
  
    Short Term Borrowing 

    Seacoast Business Funding 
    $589  
    $2,676 
  
    Convertible note 
     2,061  
     1,112 
  
    Total 
    $2,650  
    $3,788 

(i) Seacoast Business Funding

The Company has obtained a credit facility from
Seacoast business funding (SBF) a division of Seacoast National Bank during the year ended December 31, 2022. The funding is against the
accounts receivables of the company and its subsidiary. The SBF facility charges an interest of prime rate plus 1% on a floating basis.
The balance as of December 31,2024, is $589 and