Company: HCTI
Filing Date: 2025-05-15
Form Type: 424B4
Source: 0001213900-25-044095
Chunk: 17

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-15
Form: 424B4
Chunk 17
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. The effect of a reverse stock split on our stock price cannot be predicted with any certainty,
and the history of reverse stock splits for other companies in various industries is varied, particularly since some investors may view
a reverse stock split negatively. It is possible that our stock price after a reverse stock split will not increase in the same proportion
as the reduction in the number of shares outstanding, causing a reduction in our overall market capitalization. Further, even if we implement
a reverse stock split, our stock price may decline due to various factors, including any long term effects of the substantial dilution
resulting from the Private Placement, our future performance and general industry, market and economic conditions. This percentage decline,
as an absolute number and as a percentage of our overall market capitalization, may be greater than would occur in the absence of a reverse
stock split.

Under the Purchase Warrants, a reverse stock
split is an adjustment trigger and could result in the lowering of the exercise price of the Purchase Warrants (after taking into account
the normal pro rata increase in the exercise price that would result from reverse stock splits generally). However, a reverse stock split
will likely have no effect on the exercise price of the Series B Warrants as the Company is expected effect the reverse stock split after
all Series B Warrants have been exercised, which is likely to occur after the adjustment period at a zero exercise price. If the exercise
price of the Series A Warrants is reset to the floor price during the adjustment period the Company’s expected reverse stock split
would not have any effect on the exercise price of the Series A Warrants, other than the normal pro rata adjustments that are made to
warrants in reverse stock splits.

A reverse stock split may decrease the liquidity
of our Common Stock and result in higher transaction costs. The liquidity of our Common Stock may be negatively impacted by the reduced
number of shares outstanding after the reverse stock split, which would be exacerbated if the stock price does not increase following
the split. In addition, a reverse stock split would increase the number of stockholders owning “odd lots” of fewer than 100 shares,
trading in which generally results in higher transaction costs. Accordingly, a reverse stock split may not achieve the desired results
of increasing marketability and liquidity as described above.

The implementation of a reverse stock split
would result in an effective increase in the authorized number of shares of Common Stock available for issuance, which could, under certain
circumstances, have anti