Company: HCTI
Filing Date: 2025-03-05
Form Type: PRE 14C
Source: 0001213900-25-020571
Chunk: 13

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-05
Form: PRE 14C
Chunk 13
---
 the State of Delaware. The Board may determine,
in its sole discretion, not to affect the Authorized Share Increase and not to file any amendment to our Certificate of Incorporation.

Our Board believes it is in our best interest
to increase the number of authorized shares of common stock in order to give us greater flexibility in considering and planning for future
corporate needs, including, but not limited to, potential strategic transactions, including mergers, acquisitions and business combinations,
stock dividends, grants under equity compensation plans, stock splits or financings, as well as other general corporate transactions.
The Board believes that additional authorized shares of common stock will enable us to take timely advantage of acquisition opportunities
that become available to us, as well as market conditions and favorable financing. We do not have any definitive plans, arrangements,
understandings or agreements regarding the issuance of the additional shares of common stock that will result from the adoption of Authorized
Share Increase. Except as otherwise required by law, the newly authorized shares of common stock will be available for issuance at the
discretion of our Board (without further action by our stockholders unless required by Nasdaq) for various future corporate needs, including
those outlined above. While effecting the Authorized Share Increase would not have any immediate dilutive effect on the proportionate
voting power or other rights of existing stockholders, any future issuance of additional authorized shares of our common stock may, among
other things, dilute the earnings per share of our common stock and the equity and voting rights of those holding equity at the time
the additional shares are issued.

Any newly authorized shares of common stock will
be identical to the shares of common stock that are now authorized and outstanding. The Authorized Share Increase will not affect the
rights of current holders of our Common Stock, none of whom have preemptive or similar rights to acquire the newly authorized shares.

In regard to the newly authorized preferred stock,
the Board is authorized to determine the qualifications, limitations, voting and other powers, preferences, and relative, participating,
optional or other rights of such Preferred Stock.

A copy of the draft of the amendment to our Certificate
of Incorporation providing for the Increase in Authorized Shares is attached hereto as .

Board Discretion to Implement the Authorized Share Increase

The Board will implement the Authorized Share
Increase only upon a determination that the Authorized Share Increase is in the best interests of the stockholders at that time. The
Board may determine, in its sole discretion, not to affect the Authorized Share Increase.

Effective Time

The