Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 542

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 542
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 our common stock including:

    ●
    contemporaneous valuations performed at periodic intervals by unrelated third-party specialists

    ●
    contemporaneous valuations performed at periodic intervals by unrelated third-party specialists

    ●
    our actual operating and financial performance.

    ●
    relevant precedent transactions involving our capital stock;

    ●
    likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given prevailing market conditions and the nature and history of our business;

    ●
    market multiples of comparable companies in our industry;

    ●
    stage of development.

    ●
    industry information such as market size and growth;

    ●
    illiquidity of stock-based awards involving securities in a private company; and

    ●
    macroeconomic conditions.

In valuing our common stock prior to our IPO,
our board of directors determined the enterprise value of our company using both the income approach and market approach valuation methods.
The income approach estimates value based on the expectation of future cash flows that a company will generate. These future cash flows
are discounted to their present values using a discount rate based on the cost of capital at a company’s stage of development. The
market approach estimates value based on a comparison of the subject company to comparable public companies in a similar line of business.
From the comparable companies, a representative market value multiple is determined and then applied to the subject company’s financial
results to estimate the enterprise value of the subject company.

A summary of option activity under the employee
share option plan as of December 31, 2024, and changes during the year then ended is presented below.

    Options  
       
    Shares of Stock  

    No. of  
    Weighted  
    No. of  
    Weighted  

    Options  
    Average Price  
    Shares  
    Average Price  
    Total 
  
    Balance available under the plan on January 1, 2024 
     277,588  
     —  
     —  
     —  
     277,588 
  
    Granted 
     (20,000) 
    $3.63  

     (20,000)
  
    Cancelled/expired 
     72,900  

     72,900 
  
    Additions to the plan 
     261,764  

     261,764 
  
    Balance available under