Company: HCTI
Filing Date: 2025-02-27
Form Type: 8-K
Source: 0001213900-25-017578
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Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-27
Form: 8-K
Item: Item 3.01
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On February 26, 2025, Healthcare Triangle, Inc.
(the “ Company”) received written notice (the “ Bid Price Notice”) from the Listing Qualifications
Department (the “ Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq”) notifying the Company that for
the last 30 consecutive business days prior to the date of the Bid Price Notice, the closing bid price of the Company’s common stock
was less than the $1.00 per share minimum bid price required for continued listing on The Nasdaq Capital Market, as required by Nasdaq
Listing Rule 5550(a)(2) (the “ Bid Price Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Staff has
provided the Company with 180 calendar days, or until August 25, 2025, to regain compliance with the Bid Price Rule. We can regain compliance
with the $1.00 minimum bid listing requirement if the closing bid price of our common stock is at least $1.00 per share for a minimum
of ten (10) consecutive business days during the 180-day compliance period.

The Bid Price Notice also stated that if the Company
does not regain compliance by August 25, 2025, an additional 180 days may be granted to regain compliance, so long as the Company meets
The Nasdaq Capital Market continued listing requirement for market value of publicly held shares and all other initial listing standards
(except for the bid price requirement) and notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance
period by effecting a reverse stock split, if necessary. The Company will continue to monitor the closing bid price of its common stock
and will, if necessary, implement a reverse stock split of its outstanding securities, to regain compliance with the Minimum Bid Price
Requirement. The Bid Price Notice has no immediate effect on the listing of the Company’s securities on The Nasdaq Capital Market,
and the Company’s common stock continues to trade under the symbol “ HCTI.”

Further, as previously disclosed, on March 20,
2024, the Staff notified the Company that it did not comply with the minimum $2,500,000 stockholders’ equity requirement for continued
listing set forth in Nasdaq Listing Rule 5550(b)(1) (the “ SH Rule”). On September 3,