Company: HCTI
Filing Date: 2025-03-05
Form Type: PRE 14C
Source: 0001213900-25-020571
Chunk: 6

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-05
Form: PRE 14C
Chunk 6
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Nasdaq”) or other applicable exchanges, if then applicable;                              |
| ● | the number of shares of Common Stock outstanding;                                                           |
| ● | which Reverse Stock Split ratio would result in the least administrative                                    
 cost to us; and                                                                                             |
| ● | the historical trading price and trading volume of our Common Stock.                                        |

Certain Risks and Potential Disadvantages Associated with a Reverse Stock Split

We cannot assure stockholders that the proposed
Reverse Stock Split will sufficiently increase our stock price or, that our stock will trade at a price that is equal to at least $1.00
per share for a period of 10 consecutive days prior to August 25, 2025, which is the date that we must regain compliance with Nasdaq
Listing Rule 5550(a)(2) (the “Bid Price Rule”). If we do not regain compliance with the Bid Price Rule prior to August
25, 2025, and we are not deemed eligible for an additional period of time to regain compliance with the Bid Price Rule, our listed securities
may be subject to delisting. The effect of a Reverse Stock Split on our stock price cannot be predicted with any certainty, and the history
of reverse stock splits for other companies in various industries is varied, particularly since some investors may view a reverse stock
split negatively. It is possible that our stock price after a Reverse Stock Split will not increase in the same proportion as the reduction
in the number of shares outstanding, causing a reduction in our overall market capitalization. Further, even if we implement a Reverse
Stock Split, our stock price may decline due to various factors, including our future performance and general industry, market and economic
conditions. This percentage decline, as an absolute number and as a percentage of our overall market capitalization, may be greater than
would occur in the absence of a Reverse Stock Split. If we fail to meet Nasdaq’s continued listing requirements, Nasdaq could suspend
trading in our Common Stock and commence delisting proceedings.

The proposed Reverse Stock Split may decrease
the liquidity of our Common Stock and result in higher transaction costs. The liquidity of our Common Stock may be negatively impacted
by the reduced number of shares outstanding after the Reverse Stock Split, which would be exacerbated if the stock price does not increase
following the split. In addition, a Reverse Stock Split would increase the number of stockholders owning “odd lots” of fewer
than 100 shares, trading in which generally results in higher transaction costs. Accordingly