Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 34

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 34
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the use of specified data coding, formatting, and content in all specified “healthcare Transactions” conducted electronically.
The Security Standards require the adoption of specified types of security measures for certain electronic health information, which is
called Protected Health Information (“PHI”). The Privacy Standards grant a number of rights to individuals as to their PHI
and restrict the use and disclosure of PHI by “Covered Entities,” defined as “health plans,” “healthcare
providers,” and “healthcare clearinghouses.”

Any failure or perceived failure by us to comply
with the aforementioned laws and regulations in connection with our products and services provided to our clients or used by third parties,
or our related legal obligations, or any compromise of security that results in the unauthorized release or transfer protected information,
may result in governmental enforcement actions, litigation, class action, or public statements against us by consumer advocacy groups
or others and could cause our clients to lose trust in us, which could have an adverse effect on our business, financial condition, results
of operations, reputation or prospects.

23

If we fail to regain compliance with the continued
listing requirements of Nasdaq, our common stock may be delisted and the price of our common stock and our ability to access the capital
markets could be negatively impacted.

On February 26, 2025, we received a deficiency
letter from the Listing Qualifications Department of the Nasdaq Stock Market, or Nasdaq, notifying us that, for the last 30 consecutive
business days, the bid price for our common stock had closed below the minimum $1.00 per share requirement for continued inclusion on
the Nasdaq Capital Market, referred to as the minimum bid price rule. In accordance with Nasdaq Listing Rules, we have been provided an
initial period of 180 calendar days, or until August 25, 2025, to regain compliance with the minimum bid price rule.

To date, we have not regained compliance with
the minimum bid price rule. If, at any time during the compliance period the bid price for our common stock closes at $1.00 or more per
share for a minimum of 10 consecutive business days, the Nasdaq Listing Qualifications Department staff will provide written notification
to us that we are in compliance with the minimum bid price rule, unless the staff exercises its discretion to extend this 10-day period
pursuant to the Nasdaq Listing Rules.

If we do not regain compliance with the minimum
bid price rule by the required date and we are not eligible for any