Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 24

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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On December 28, 2023, the Company issued a convertible
note to the investor in the principal amount of $2.0 million which resulted in gross proceeds to the Company of $1.7 million (the “First
Tranche Note”) and Warrants to purchase up to an aggregate of 357,500 Warrant Shares (the “First Tranche Warrants”).
The First Tranche Note, and the First Tranche Warrants have an initial fixed conversion and exercise price of $3.44688 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.

             Weighted              Weighted   Average              Average   Remaining   Aggregate      Number of   Exercise   Contractual   Intrinsic   Warrants  Warrants   price   Term   value   Outstanding on January 1, 2025   967,256   $7.99    3.05   $3,785   Granted   —    —    —    —   Excised   —    —    —    —   Forfeited or expired   —    —    —    —   Outstanding on March 31, 2025   967,256   $7.99    2.80   $3,785   Exercisable on March 31, 2025   424,741   $7.99    2.57   $1,662  

19

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

             Weighted              Weighted   Average              Average   Remaining   Aggregate      Number of   Exercise   Contractual   Intrinsic   Warrants  Warrants   price   Term   value   Outstanding on January 1, 2024   967,256   $7.99    4.07   $3,785   Granted   —    —    —    —   Excised