Company: HCTI
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001213900-25-112544
Chunk: 20

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-19
Form: 424B5
Chunk 20
---
,147 shares reserved and remaining 
 available for issuance under our 2020 Stock Incentive Plan.   |

<div align='center'>S-9

PLAN OF DISTRIBUTION</div>

We entered into the ATM Sales Agreement with Spartan
Capital Securities, LLC (the “Sales Agent”) on November 18, 2025, pursuant to which we may issue and sell from time to time
up to $20,000,000 shares of our common stock through the Sales Agent, as agent or principal, pursuant to this prospectus supplement. Sales
of our common stock, if any, under the ATM Sales Agreement will be made at market prices by any method permitted that is deemed to be
an “at the market offering” as defined in Rule 415 promulgated under the Securities Act, including sales made directly on
Nasdaq, on any other existing trading market for our common stock, or to or through a market maker other than on an exchange. The Sales
Agent may also sell our common stock hereunder by any other method permitted by law, including in privately negotiated transactions. If
we and the Sales Agent agree on any method of distribution other than sales of the shares of common stock on or through Nasdaq or another
existing trading market in the United States at market prices, we will file a further prospectus supplement providing all information
about such offering as required by Rule 424(b) under the Securities Act.

Each time we wish to issue and sell common stock
under the ATM Sales Agreement, we will notify the Sales Agent of the number of shares to be issued, the dates on which such sales are
anticipated to be made and any minimum price below which sales may not be made. Once we have so instructed the Sales Agent, unless the
Sales Agent declines to accept the terms of the notice, the Sales Agent has agreed to use its commercially reasonable efforts consistent
with its normal trading and sales practices and applicable laws and regulations to sell on our behalf such shares up to the amount specified
on such terms, subject to the terms and conditions of the ATM Sales Agreement. The obligations of the Sales Agent under the ATM Sales
Agreement to sell our common stock are subject to a number of conditions that we must meet. We or the Sales Agent may suspend the offering
of the shares of common stock being made through the Sales Agent under the ATM Sales Agreement at any time upon proper notice to the other
party. The Sales Agent may from time to time appoint a subagent as it may, in its