Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 733

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 733
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 2023   683,935   $12.71    4.50    3,812   Granted   357,500    3.45    4.99    604   Excised   —    —    —    —   Forfeited or expired   74,179    —    —    631   Outstanding on December 31, 2023   967,256    7.99    4.05    3,785   Exercisable on December 31, 2023   182,927   $10.66    3.50    954  

The following table summarizes the activities for our unvested warrants
for the year ended December 31, 2024.  

    Weighted average Grant Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2024 
     784,329  
    $3.61 
  
    Granted 
     —  
     — 
  
    Vested 
     (193,451) 
     3.91 
  
    Forfeited 
     —  
     — 
  
    Unvested on December 31, 2024 
     590,878  
    $3.51 

F-23

    Weighted average Grant  Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2023 
     622,960  
    $5.61 
  
    Granted 
     357,500  
     1.69 
  
    Vested 
     (121,952) 
     5.21 
  
    Forfeited 
     (74,179) 
     8.51 
  
    Unvested on December 31, 2023 
     784,329  
    $3.61 

The Company has recognized cost of $0 for the year ended December 31,
2024, and $0 for the year ended December 31, 2023.

C. Short term borrowing

    Particulars 
    2024  
    2023