Company: HCTI
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001213900-25-041190
Chunk: 25

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-09
Form: S-1/A
Chunk 25
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 of the Series B Warrants, see “Risk Factors—Risks Related to this Offering.”

Pursuant to the Purchase Agreement,
the Company has agreed that until ninety (90) days after the effective date of the Registration Statement, neither the Company nor any
of its subsidiaries shall (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of
Common Stock or Common Stock equivalents or (ii) file any registration statement or any amendment or supplement thereto, in each case
other than as contemplated pursuant to the Registration Rights Agreement (as defined below) or, solely with respect to securities issued
pursuant to any share or option plan duly adopted for such purpose by the Company’s board of directors or a committee of non-employee
directors established for such purpose for services rendered to the Company, on Form S-8. However, the Company shall be permitted to issue
up to 500,000 options to purchase shares pursuant to the Company’s equity incentive plan, subject to certain exceptions set forth
in the Purchase Agreement.

Pursuant to the Purchase Agreement,
the Company has also agreed that until one hundred and eighty (180) days after the effective date of the registration statement, the Company
and any of its subsidiaries shall be prohibited from effecting or entering into an agreement to effect any issuance by the Company or
any of its subsidiaries of shares of Common Stock or Common Stock equivalents (or a combination of units thereof) involving a Variable
Rate Transaction, subject to certain exception set forth in the Purchase Agreement.

“Variable Rate Transaction”
means a transaction in which the Company (i) issues or sells any shares of Common Stock or Common Stock equivalents either (A) at a conversion
price, exercise price or exchange rate or other price that is based upon, and/or varies with, the trading prices of or quotations for
the shares of Common Stock at any time after the initial issuance of such debt or equity securities or (B) with a conversion, exercise
or exchange price that is subject to being reset at some future date after the initial issuance of such debt or equity security or upon
the occurrence of specified or contingent events directly or indirectly related to the business of the Company or the market for the Common
Stock, other than in connection with customary anti-dilution adjustments resulting from future stock splits, stock dividends or similar
transactions, or (ii) issues or sells any amortizing convertible security that amortizes prior to its maturity date, whereby it is required
to