Company: HCTI
Filing Date: 2025-04-22
Form Type: S-1/A
Source: 0001213900-25-034248
Chunk: 18

Company: Healthcare Triangle, Inc.
Filing Date: 2025-04-22
Form: S-1/A
Chunk 18
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in the Units and the Common Stock underlying the Pre-Funded Warrants and the Purchase Warrants are collectively referred to herein as
the “Securities” and the Securities, other than the Pre-Funded Warrants, and the Purchase Warrants shall be referred to herein
as the “Registrable Securities.” The entire transaction was priced at the market under Nasdaq rules and closed on February
28, 2025.

The initial exercise price
for both the Series A Warrants and Series B Warrants is $0.84 per share and both the Series A Warrants and Series B Warrants terminate
on the fifth anniversary of the earlier of (i) the effective date of the registration statement related to this prospectus (the “Registration
Statement”) or (ii) the date that the Registerable Securities can be sold, assigned or transferred without restriction or limitation
pursuant to Rule 144 promulgated under the 1933 Act, as amended. The Purchase Warrants became exercisable on March 23, 2025, the effective
date of the approval by the stockholders of the exercise of the Purchase Warrants.

The Purchase Warrants
contain a one-time reset of the exercise price (subject to a floor of $0.084 per share) to a price equal to the lowest Weighted Average
Price (as defined in the Purchase Warrants) for the Common Stock during the period (the “Adjustment Period”) beginning two
(2) trading days immediately prior to the effective date of the Registration Statement and ending on the tenth (10) trading
day after the effective date of the Registration Statement (the “Adjustment Period End Date”). A reset of the exercise price
will only occur if the lowest Weighted Average Price during the Adjustment Period is lower than the initial exercise price. If a reset
of the exercise price of a Purchase Warrant occurs, the number of shares of Common Stock underlying such Purchase Warrant will also be
increased on the trading day after the Adjustment Period End Date (the “Adjustment Date”), so that the reset exercise price
multiplied by increased number of shares equal the aggregate proceeds that would have resulted from the full exercise of such Purchase
Warrant immediately prior to the Adjustment Date.

If a holder of a Purchase
Warrant requests to exercise a Purchase Warrant in whole or in part on any given date prior to an Adjustment Date on which (1) all Registrable
Securities have become and remained registered pursuant to an effective Registration Statement that is