Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 101

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 101
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 as payment is limited by the floor price, the Company is required to pay the economic difference in cash. On December 28, 2023, the Company issued Senior Secured 15% Original Issue Discount Convertible Promissory Note for an initial amount of $ 2,000,000of convertible notes with an annual interest rate of 18% and a maturity term of 18months. In connection with this issuance, the Company also issued 357,500warrants, each allowing the holder to purchase shares of the Company’s common stock at an exercise price of $ 3.44688, exercisable until December 28, 2028. F-29

The Company recorded $ 435,000as debt discount using the relative fair value method for the period ending December 31, 2023.

The long-term portion of this convertible debt was $ 97as of December 31,2023 and $ 0as of December 31, 2022.

| Convertible Note             |     | 2023 |       |     | 2022 |   |
|:-----------------------------|:----|:-----|------:|:----|:-----|:--|
| Short-term borrowing         |     | $    | 1,112 |     |      | - |
| Long-term borrowing          |     |      |    97 |     |      | - |
| Convertible note outstanding |     | $    | 1,209 |     |      | - |

Aggregate maturities of convertible notes payable are as follows:

For the twelve months ended, December 31,

| 2024  |     | $ | 875 |
| 2025  |     | $ |   0 |
| Total |     | $ | 875 |

| Convertible Note                                  |     | 2023 |       |     | 2022 |   |
|:--------------------------------------------------|:----|:-----|------:|:----|:-----|:--|
| Convertible Notes Payable                         |     | $    | 2,000 |     |      | - |
| Original issue discount                           |     |      |   300 |     |      | - |
| Less: Discount                                    |     |      |   435 |     |      | - |
| Less: Relative fair value of warrants             |     |      |   356 |     |      | - |
| Notes payable, Net of discount                    |