Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 90

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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Southeast Asia, and Europe (the “Seller”) entered into an Asset Transfer Agreement (the “Agreement”). Please
refer to note 4 for further details.

17

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

Black Scholes warrant fair value:

    Instrument 
    Shares/ Warrants  
    Fair value  
    Gross Proceeds  
    Expenses on fund raising  
    Net Proceeds 
  
    Common Stock 
     28,183  
     2,947  
     95  
     (10) 
     85 
  
    Pre-funded Warrants 
     117,161  
     12,253  
     395  
     (40) 
     355 
  
    Series A Warrants (1) 
     1,453,434  
     -  
     -  
     -  
     - 
  
    Series B Warrants 
     4,360,300  
     456,000  
     14,710  
     (1,474) 
     13,236 

     471,200  
     15,200  
     (1,524) 
     13,676 

(1)Series A warrants are cash warrants. Thus far, no investor
has exercised these warrants as these warrants are materially out of the money, and not considered for fair valuation.

Preferred Stock

The Company’s Certificate of Incorporation
provides for a class of its authorized stock known as preferred stock, comprised of 10,000,000 shares, $0.00001 par value per share (the
“Preferred Stock”), issuable from time to time in one or more series.

With respect to payment of dividends and distribution
of assets upon liquidation, dissolution, or winding up of the Corporation, whether voluntary or involuntary, the Series A Convertible
Preferred Stock will rank: (i) senior to all other classes or series of capital stock of the Corporation now existing or hereafter authorized,
classified or reclassified, and (ii) junior to all Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness
convertible into Common Stock).

The holders of the Series A Convertible Preferred
Stock shall not be entitled to receive dividends paid on the