Company: HCTI
Filing Date: 2025-11-19
Form Type: S-3/A
Source: 0001213900-25-112651
Chunk: 24

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-19
Form: S-3/A
Chunk 24
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 the Existing Warrants
at a reduced exercise price of $2.00 per share, for gross proceeds to the Company of $2.85 million. The offer and resale of the shares
of Common Stock underlying the Existing Warrants (the “Existing Warrant Shares”) were registered pursuant to our registration
statement on Form S-1 (File No. 333-286331), respectively.

In consideration of the Warrant Inducement Holders’
immediate exercise of the Existing Warrants (the “Existing Warrant Exercise”), at the exercise price of $2.00 per share in
accordance with the Inducement Agreement, we issued to the Warrant Inducement Holders new warrants to purchase an aggregate of 1,429,528
shares of Common Stock, at an exercise price of $3.00 per share. The Inducement Warrants will not become exercisable until our stockholders
approve the issuance of shares of Common Stock upon exercise of the Inducement Warrants in excess of 19.99% of the Common Stock outstanding
on the closing date (the “Stockholder Approval”). Following Stockholder Approval, the Inducement Warrants have a term of five
years.

We agreed in the Inducement Agreement to file
a registration statement to register the resale of the Inducement Warrant Shares as soon as practicable (and in any event within 15 calendar
days following the date of the Inducement Agreement) and to use commercially reasonable efforts to have such registration statement effective
at all times until no Inducement Warrant Holder owns any Inducement Warrants or Inducement Warrant Shares.

In connection with the transactions contemplated in the Inducement
Agreement, we entered into an Advisory Agreement with WallachBeth. Pursuant to the terms of the Advisory Agreement, we agreed to pay WallachBeth
a cash fee equal to 6.0% of the total proceeds from the exercise of the Existing Warrants. In addition, we agreed to issue to WallachBeth
warrants to purchase 28,590 shares of Common Stock. We also agreed to reimburse WallachBeth for its actual and out-of-pocket expenses
up to a maximum amount of $20,000.

Terms of the Inducement Warrants

The Inducement Warrants have an exercise price
of $3.00 per share, subject to adjustment as provided in the Inducement Warrants, will be exercisable at any time on or