Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 28

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 thousands except share and per share data)

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.

         Weighted   Average          Average   Remaining      Number of   Exercise   Contractual   Warrants  Warrants   price   Term   Outstanding on January 1, 2025   3,885   $1,989.51    3.05   Granted   -    -    -   Outstanding on September 30, 2025   3,885    1,989.51    2.30   Exercisable on September 30, 2025   2,094   $1,989.51    2.11  

             Weighted          Weighted   Average          Average   Remaining      Number of   Exercise   Contractual   Warrants  Warrants   price   Term   Outstanding on January 1, 2024   3,885   $1,989.51    4.07   Outstanding on September 30, 2024   3,885    1,989.51    3.50   Exercisable on September 30, 2024   1,317   $1,989.51    3.50  

The following table summarizes the activities for our unvested warrants
for the nine months ended September 30, 2025.  

    Weighted average Grant Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2025 
     2,373