Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 448

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 448
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 and other expenses payable by the Company. The
Company expects to use the net proceeds from the offering for future acquisitions, general corporate purposes, and working capital requirements.

(iv)On February 24, 2025, the Company executed a settlement agreement
as follows:

  Particulars  Liability 
as of 
12.31.2024   Amount   Settlement type  Number of 
common stocks 
issued (1)   Contingent    500,000    100,000   Cash (2)   -   consideration        400,000   Common stock   594,130   Commission   285,918    22,049   Cash (3)   -            88,194   Common stock   130,997   Commission   45,166    30,306   Cash (4)   -   Consulting fees   60,000    -   Waived (5)   -   Total   891,084    640,549       725,127  

(1)The Common stocks were issued on March 3, 2025, based on the 10 day VWAP of $0.6733.

(2)The settlement of commission of $100,000 to be paid on or before March 31, 2025.

(3)The settlement of commission of $22,049 to be paid on or before April 1, 2025.

(4)The settlement of commission of $30,306:

$10,000 to be paid on April 1, 2025.
$20,206 to be paid on
June 1, 2025

(5)The consulting fees of $60,000 have been waived as part of the settlement.

F-29

Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosures

None

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are the controls
and other procedures that are designed to provide reasonable assurance that information required to be disclosed by the issuer in the
reports that it files or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed,
summarized and reported within the time periods specified in