Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 82

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 value basis and recorded the amount allocated to the
Common Warrants within additional paid-in capital on the accompanying consolidated balance sheet as the Common Warrants met all the
criteria for equity classification. As the Common Warrants were equity classified, they do not require subsequent remeasurement
after the issuance.

The Common Warrants contain standard adjustments
to the exercise price including for stock splits, stock dividend, rights offerings and pro rata distributions.

Black Scholes warrant fair value:

    Instrument 
    Shares/ Warrants  
    Fair value  
    Gross Proceeds  
    Expenses on fund raising  
    Net Proceeds 
  
    Common Stock 
     7,017,429  
     2,947  
     95  
     (10) 
     85 
  
    Pre-funded Warrants 
     29,173,056  
     12,253  
     395  
     (40) 
     355 
  
    Series A Warrants 
     361,904,850  

    Series B Warrants 
     1,085,714,550  
     456,000  
     14,710  
     (1,474) 
     13,236 

     471,200  
     15,200  
     (1,524) 
     13,676 

Preferred Stock

The Company’s Certificate of Incorporation
provides for a class of its authorized stock known as preferred stock, comprised of 10,000,000 shares, $0.00001 par value per share (the
“Preferred Stock”), issuable from time to time in one or more series.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary or involuntary, the Series A Convertible
Preferred Stock will rank: (i) senior to all other classes or series of capital stock of the Corporation now existing or hereafter authorized,
classified or reclassified, and (ii) junior to all Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness
convertible into Common Stock).

The holders of the Series A Convertible Preferred
Stock shall not be entitled to receive dividends paid on the Corporation's Common Stock.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary or involuntary,