Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 632

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 632
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 3/1/2024 
    5  
    $125,000  
    $6,250  
    $131,250  
     1.92  
     68,359  
     1  
    $131,249 
  
    3/19/2024 
    6  
    $125,000  
    $6,250  
    $131,250  
     1.72  
     76,308  
     1  
    $131,249 
  
    4/23/2024 
    7  
    $125,000  
    $6,250  
    $131,250  
     1.27  
     103,346  
     1  
    $131,249 
  
    5/9/2024 
    8  
    $125,000  
    $6,250  
    $131,250  
     1.15  
     114,130  
     1  
    $131,249 
  
    5/9/2024 
    9  
    $125,000  
    $6,250  
    $131,250  
     1.15  
     114,130  
     1  
    $131,249 

During the year
ending December 31, 2024, the Company converted $1,125,000 principal and $56,250 towards conversion fees on the L1 Capital convertible
note. There was no gain or loss recorded on the conversions as they were consummated within the terms of the original agreement. As of
December 31, 2024, the L1 Capital note was outstanding at $875,000.

  (ii)  During the year, the Company and an investor entered an agreement on October 9, 2024, to issue to the investor 20% OID Promissory note
for proceeds of $1,000,000. The original agreement contained the terms to mutually extend the maturity date of the note up to January
31, 2025. The Company renegotiated the extension of the original maturity of the note by three months from December 8, 2024, to March
8, 2025 and increased the maturity value of the note to $1