Company: HCTI
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001213900-25-049571
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Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-30
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.

As previously disclosed, on February 26, 2025,
the Healthcare Triangle, Inc. (the “ Company”) received notice from the Listing Qualifications Staff (the “ Staff”)
of The Nasdaq Stock Market LLC (“ Nasdaq”) that the bid price of its listed securities had closed at less than $1 per share
over the previous 30 consecutive business days, and, as a result, did not comply with Nasdaq Listing Rule 5550(a)(2) (the “ Minimum
Bid Price Requirement”). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or
until August 25, 2025, to regain compliance with the Minimum Bid Price Requirement.

As previously disclosed, on May 20, 2025, the
Company received a notification letter from the Listing Qualifications Department of Nasdaq (the “ May 20 Letter”), stating
that based on its review of the Company’s public filings with the Securities and Exchange Commission (the “ SEC”), its
staff has determined to delist the Company’s securities pursuant to its discretionary authority under Listing Rule 5101 (the “ Public
Interest Concern”). Specifically, as set forth in the letter, Nasdaq’s staff determined that the Company’s issuance
of securities pursuant to the Company’s private placement, dated February 27, 2025, particularly the Series A Warrants and Series
B Warrants as described in the Company’s prior SEC filings, raises public interest concerns because the issuance resulted in substantial
dilution for its shareholders.

On May 30, 2025, the Company received notice from
the Staff (the “ May 30 Letter”) that the Staff had determined that as of May 29, 2025, the Company’s securities had
a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which
states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of
$0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under
Rule 5810 with respect to that security (the “ Low Priced Stocks Rule”). As a