Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 102

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 102
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 |      | 1,209 |     |      | - |
| Notes Payable, Current Portion, Net of Discount   |     |      | 1,112 |     |      | - |
| Notes Payable, Long-Term Portion, Net of Discount |     | $    |    97 |     |      | - |

B. Common Stock Warrants

On December 28, 2023, the Company issued Senior Secured 15% Original Issue Discount Convertible Promissory Note for an initial amount of $ 2,000,000of convertible notes with an annual interest rate of 18% and a maturity term of 18months. In connection with this issuance, the Company also issued 357,500warrants, each allowing the holder to purchase shares of the Company’s common stock at an exercise price of $ 3.44688, exercisable until December 28, 2028.

The Company recorded $ 435,000as debt discount and an allocation of $ 355,943towards warrant was recorded as additional paid-in capital using the relative fair value method for the period ending December 31, 2023.

As of December 31, 2023, there is a debt discount balance relating to convertible debt in the amount of $ 790,943. This balance will be amortized over the life of the note.

F-30

Under the first tranche of funding, which closed
upon signing of the Securities Purchase Agreement on December 28, 2023, the Company issued a Note to the Investor in the principal amount
of $ million which resulted in gross proceeds to the Company of $ million (the “First Tranche Note”) and Warrants to
purchase up to an aggregate of Warrant Shares (the “First Tranche Warrants”). The First Tranche Note and the First
Tranche Warrants have an initial fixed conversion and exercise price of $ per share, respectively, subject to adjustment.

| Warrants                         |     | Number of 
 Warrants  |         |     | Weighted 
 Average  
 Exercise 
 price    |       |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Term        |      |     | Aggregate 
 Intrinsic 
 value     |       |
|:---------------------------------|:----|:----------|--------:|:----|:---------|------:|:----|:------------|-----:|:----|:----------|------:|
| Outstanding on January 1,