Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 388

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 388
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Excluding Securities Reflected in column (a)) (c) 
  
    Equity compensation plans approved by stockholders (1) 
     276,500  
    $3.7  
     1,023,050 
  
    Total 
     276,500  
    $3.7  
     1,023,050 

    (1)
    The Plan permits grants of equity awards to employees, directors, consultants and other independent contractors. 

    (2)
    Our board of directors and shareholders have approved a total reserve of 861,764 shares for issuance under the Plan which represents 13.20% of the equity on a fully diluted basis.

We have not issued any options outside of the Plan.

Transfer Agent

The transfer agent for the common stock is VStock Transfer LLC, 18
Lafayette Place, Woodmere, New York, telephone (212) 828-8436.

Item 6. [Reserved]

34

Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.

The following discussion summarizes the significant
factors affecting the operating results, financial condition, liquidity, and cash flows of our Company as of and for the periods presented
below. The following discussion and analysis should be read in conjunction with the condensed consolidated financial statements and the
related notes thereto, and the consolidated financial statements and the related notes thereto all included elsewhere in this report.
The statements in this discussion regarding industry outlook, our expectations regarding our future performance, liquidity, and capital
resources, and all other non-historical statements in this discussion are forward-looking statements and are based on the beliefs of our
management, as well as assumptions made by, and information currently available to, our management. Actual results could differ materially
from those discussed in or implied by forward-looking statements as a result of various factors, including those discussed below and elsewhere
in this report, and in the sections entitled “Special Note Regarding Forward-Looking Statements” and “Risk Factors”.

Overview

Healthcare Triangle, Inc. is a leading healthcare
information technology company focused on advancing innovative, industry-transforming solutions in the areas of cloud services, data science,
professional and managed services for the Healthcare and Life Sciences industry.

The Company was formed on October 29, 2019, as
a Nevada corporation and then converted into a Delaware corporation on April 24, 2020, to provide IT and data services to the Healthcare
and Life Sciences (“H