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

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 amounting to $1,500.

    Convertible Note 
    Principal  
    Interest 
  
    Opening balance as of January 1, 2025 
    $1,000  
    $500 
  
    Repayment during the period 
     (1,000) 
     (500)
  
    Closing balance as of June 30, 2025 
    $-  
    $- 

    Convertible Note 
    Principal  
    Interest 
  
    Opening balance as of January 1, 2024 
    $-  
    $- 
  
    Loan obtained during the year 
     1,000  
     500 
  
    Closing balance as of December 31, 2024 
    $1,000  
    $500 

C. Common Stock Warrants

On December 28, 2023, the Company issued a convertible
note to the investor in the principal amount of $2,000 which resulted in gross proceeds to the Company of $1,700 (the “First Tranche
Note”) and Warrants to purchase up to an aggregate of 1,434 Warrant Shares (the “First Tranche Warrants”). The First
Tranche Note, and the First Tranche Warrants have an initial fixed conversion and exercise price of $858.27 per share, respectively,
subject to adjustment. The First Tranche Warrants carry a 5-year term and, if not exercised, will terminate on December 28, 2028. 

20

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

             Weighted          Weighted   Average          Average   Remaining      Number of   Exercise   Contractual   Warrants  Warrants   price   Term   Outstanding on January 1, 2025   3,883   $1,991.05    2.55   Granted   1,453,433    20.92    4.87   Outstanding on June 30, 2025   1,457,316    26.17    4.87   Exercisable on June 30, 2025   1,459,214   $23.82