Company: HCTI
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001213900-25-112544
Chunk: 12

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-19
Form: 424B5
Chunk 12
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’s 100% shareholder equity interest in Ezovion Solutions Private Limited, Chennai, India - Hospital
Information Systems SaaS Provider as Niyama’s Equity (the “Transferred Equity”), as a whole and as a going concern in
exchange for the Purchase Price (as defined below) . The acquisition also closed on June 16, 2025.

The total consideration for the acquisition, which
is referred to herein as the “Purchase Price” was $5.7 million which included: (1) $1.5 million in cash, of which has been
paid; (2) 1,388,041 shares of our restricted common stock (all of which have been issued); and (3) up to $1.2 million in earn-out payments
contingent on first-year financial performance targets. “Transferred Assets” includes all (i) software intellectual property
owned by Niyama, (ii) Niyama customer contracts; (iii) government and regulatory permits, licenses, concessions, or other similar consents
held by Niyama for or in connection with Niyama’s Mental Health, Hospital Information Systems and technology business and (iv) business
and financial records and documents connected with or relating to Niyama’s Mental Health, Hospital Information Systems and technology
business. The acquisition excluded any and all liabilities and obligations associated with Niyama’s business outstanding as of June
16, 2025.

Change in Auditor. On April 10,
2025 (the “Termination Date”), our board of directors directed the Company to notify M&K CPAS, PLLC (“M&K”)
that the Company was dismissing M&K as the independent registered public accounting firm of the Company. During the year ended December
31, 2024, and through the date of this Current Report on Form 8-K, the Company has not had any disagreements with M&K on any matter
of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to the satisfaction
of M&K, would have caused them to make reference thereto in their reports on the Company’s financial statements for such years.

On April 11, 2025, the Company engaged SRCO Professional
Corporation, Chartered Professional Accountants (the “New Auditor”) as its independent PCAOB registered public accounting
firm for the Company’s fiscal year ended December 31, 2025. The recommendation to engage the New Auditor as the