Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 99

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 99
---
  2,892 |     |              |  5.2 |     |        |  15 |
| September, 2022 |     |           |  6,337 |     |              |  5.0 |     |        |  32 |
| October, 2022   |     |           |  5,899 |     |              |  3.4 |     |        |  20 |
| November, 2022  |     |           | 17,137 |     |              |  1.8 |     |        |  31 |
| December, 2022  |     |           |      — |     |              |    — |     |        |   — |
| Total           |     |           | 37,682 |     | $            | 3.90 |     | $      | 141 |

There have not been any repurchase of shares during the year 2023.

F-28 10) Debt Securities A. Convertible Note On December 28, 2023, the Company entered into the Securities Purchase Agreement with the selling stockholder, pursuant to which the Company agreed to issue to the selling stockholder, in a private placement (the “Private Placement”), Senior Secured 15% Original Issue Discount Convertible Promissory Notes (the “Notes”) in the aggregate principal amount of up to $ 5,200,000which will result in gross proceeds to the Company in the amount of up to $ 4,420,000due to the original issue discount, and warrants (the “Warrants”) to purchase a number of shares of the Company’s common stock (the “Warrant Shares”) equal to 50% of the face value of the Notes divided by the volume weighted average price, in three tranches. Under the first tranche of funding, which closed upon signing of the Purchase Agreement on December 28, 2023, the Company issued a Note to the Investor in the principal amount of $ 2,000,000which resulted in gross proceeds to the Company of $ 1,700,000and Warrants to purchase up to an aggregate of 357,500Warrant Shares. The Note and Warrants issued in the first tranche of funding have an initial fixed conversion and exercise price of $ 3.44688per share, subject to adjustment. The Warrants carry a 5-year term and, if not exercised, will