Company: HCTI
Filing Date: 2025-03-05
Form Type: PRE 14C
Source: 0001213900-25-020571
Chunk: 12

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-05
Form: PRE 14C
Chunk 12
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 of, our Common Stock.

Information returns generally will be required
to be filed with the IRS with respect to the payment of cash in lieu of a fractional share made pursuant to the Reverse Stock Split unless
such U.S. holder is an exempt recipient and timely and properly establishes with the applicable withholding agent the exemption.
In addition, payments of cash in lieu of a fractional share made pursuant to the Reverse Stock Split may, under certain circumstances,
be subject to backup withholding, unless a U.S. holder timely provides to the applicable withholding agent proof of an applicable
exemption or a correct taxpayer identification number, and otherwise complies with the applicable requirements of the backup withholding
rules. Any amounts withheld under the backup withholding rules are not additional tax and may be refunded or credited against the U.S. holder’s
U.S. federal income tax liability, provided that the U.S. holder timely furnishes the required information to the IRS. U.S. holders
should consult their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining
such an exemption.

Accounting Consequences

The par value per share of our Common Stock will
remain unchanged at $0.00001 per share following a Reverse Stock Split. As a result, as of the Reverse Stock Split, the stated capital
on our balance sheets attributable to Common Stock will be reduced proportionally based on the Reverse Stock Split ratio, and the additional
paid-in capital will be credited with the amount by which the capital is reduced. The net income or loss per share of Common Stock will
be increased as a result of the fewer shares of common stock outstanding. The Reverse Stock Split will be reflected retroactively in
our consolidated financial statements.

<div align='center'>7

APPROVAL OF CERTIFICATE OF INCORPORATION AMENDMENT TO INCREASE THE TOTAL
NUMBER OF AUTHORIZED SHARES TO ONE BILLION TEN MILLION (1,010,000,000) SHARES,
CONSISTING OF OWO BILLION (1,000,000,000) SHARES OF COMMON STOCK AND TEN MILLION
(10,000,000) SHARES OF PREFERRED STOCK</div>

Authorized Share Increase

Our Board and the Majority Stockholders approved
the Authorized Share Increase on February 24, 2025.

The effective date of the Authorized Share Increase
will be determined at the sole discretion of the Board and will be publicly announced by us. The Authorized Share Increase will become
effective upon the filing of the Certificate of Amendment with the Secretary of State of