Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 88

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 and the
principal lessor is twenty-four months, which is extendable based on mutual consent. As per the terms of the Rental Sublease Agreement,
the cost incurred by SKI on behalf of the Company are settled at cost. The Company paid rental expenses amounting to $15 and $34 for the
quarter ended June 30, 2025, and 2024 respectively and $59 and $67 for the six months ended June 30, 2025 and 2024 respectively.

8) Contingent consideration 

On February 24, 2025, the Company executed a settlement
agreement and issued 594,130 common stocks at $0.6733 amounting to $400 and the balance $100 was settled by cash on March 31, 2025.

 On June 16, 2025, Healthcare Triangle, Inc. through
its wholly owned subsidiary Quantum Nexus Inc. (the “Company”) and Niyama Healthcare, Inc., a Delaware corporation, a provider
of Mental Health and Hospital Information Systems technology, across India, South East Asia, and Europe (the “Seller”) entered
into an Asset Transfer Agreement (the “Agreement”). Please refer to note 4 for details.

16

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

9) Stockholder Equity 

Equity Transactions

On February 27, 2025, Healthcare Triangle, Inc.
(the “Company”) entered into Securities Purchase Agreements dated February 27, 2025 (the “Purchase Agreement”)
with institutional investors (the “Investors”) for the private placement of 145,344 units (each a, “Unit”), each
Unit consisting of one share of the Company’s common stock (“Common Stock”) or one pre-funded warrant (a “Pre-Funded
Warrant”) to purchase one share of common stock, one Series A Warrant (a “Series A Warrant”) to purchase one share of
common stock and one Series B Warrant (a “Series B Warrant” and together with the Series A Warrant, the “Purchase Warrants”)
to purchase one share of common stock at an offering price of $104.58 per Unit (or $104.58 per Unit in the case of Units that include
pre-funded warrants). The Common Stock, the Pre-Funded Warrants and the Purchase Warrants included in the Units and the Common