Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 99

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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    Series A Warrants (1) 
     1,453,434  
     -  
     -  
     -  
     - 
  
    Series B Warrants 
     4,360,300  
     456,000  
     14,710  
     (1,474) 
     13,236 

     471,200  
     15,200  
     (1,524) 
     13,676 

  (1) Series A warrants are cash
warrants. As at September 30, 2025, no investor has exercised these warrants as these warrants are materially out of the money, and not
considered for fair valuation. Subsequent to the quarter ended September 30, 2025, the Series A Warrants holders were provided with an
option to exercise their warrants at a reduced price of $2 per warrant to convert into 1 common stock each, and were given additional
equivalent warrants at an exercise price of $3 per warrant. As a result of reducing the exercise price, 1,429,528 warrants were exercised,
and the Company received gross proceeds of $2,859. Net proceeds to the Company were approximately $2,628, after deducting placement agent
fees and other expenses payable by the Company. See note 9 on Subsequent Events. 

Preferred Stock

The Company’s Certificate of Incorporation
provides for a class of its authorized stock known as preferred stock, comprised of 10,000,000 shares, $0.00001 par value per share (the
“Preferred Stock”), issuable from time to time in one or more series.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary or involuntary, the Series A Convertible
Preferred Stock will rank: (i) senior to all other classes or series of capital stock of the Corporation now existing or hereafter authorized,
classified or reclassified, and (ii) junior to all Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness
convertible into Common Stock).

The holders of the Series A Convertible Preferred
Stock shall not be entitled to receive dividends paid on the Corporation’s Common Stock.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary