Company: HCTI
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-027277
Chunk: 16

Company: Healthcare Triangle, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 16
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23, 2025, the effective date of the approval by the
stockholders of the exercise of the Purchase Warrants.

The Purchase Warrants contain
a one-time reset of the exercise price (subject to a floor of $0.084 per share) to a price equal to the lowest Weighted Average Price
(as defined in the Purchase Warrants) for the Common Stock during the period (the “Adjustment Period”) beginning two (2) trading
days immediately prior to the effective date of the Registration Statement and on the tenth (10) trading day after the effective
date of the Registration Statement (the “Adjustment Period End Date”). If a reset of the exercise price of a Purchase Warrant
occurs, the number of shares of Common Stock underlying such Purchase Warrant will also be increased on the trading day after the Adjustment
Period End Date (the “Adjustment Date”), so that the reset exercise price multiplied by increased number of shares equal the
aggregate proceeds that would have resulted from the full exercise of such Purchase Warrant immediately prior to the Adjustment Date.

If a holder of a Purchase
Warrant requests to exercise a Purchase Warrant in whole or in part on any given date prior to an Adjustment Date on which (1) all Registrable
Securities have become and remained registered pursuant to an effective Registration Statement that is available for the resale of all
Registrable Securities, provided, however, if less than all Registrable Securities have become registered for resale on the date that
the Registration Statement is declared effective, such holder with respect to itself only, shall have the right in its sole and absolute
discretion to deem such condition satisfied, including with regard only to the Registrable Securities that have been so registered, (2)
such holder can sell all Registrable Securities pursuant to Rule 144 without restriction or limitation or (3) twelve (12) months immediately
following the issuance of the Purchase Warrants (any such date, an “Exercise Date”), solely with respect to such portion of
the Purchase Warrant being exercised on such applicable Exercise Date, (a) such applicable Exercise Date shall be deemed to mean the Adjustment
Date, (b) such applicable Adjustment Period shall be deemed to have commenced on the applicable date set forth in clause (1), (2) or (3)
hereof, as applicable and ended on the eleventh (11th) Trading Day thereafter and (c) the applicable Adjustment Price and Adjustment Share
Amount for such exercised Purchase Warrants shall be calculated as stated