Company: HCTI
Filing Date: 2025-03-05
Form Type: PRE 14C
Source: 0001213900-25-020571
Chunk: 5

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-05
Form: PRE 14C
Chunk 5
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 to discourage individual brokers from recommending
low-priced stocks to their customers by restricting or limiting the ability to purchase such stocks on margin. Additionally, investors
may be dissuaded from purchasing stocks below certain prices because brokers’ commissions, as a percentage of the total transaction
value, can be higher for low-priced stocks.

Decreasing the Risk of Market Manipulation of our Common Stock

The Board believes that the potential increase
in stock price may reduce the risk of market manipulation of our Common Stock, which we believe is enhanced when our stock trades below
$1.00 per share. By reducing market manipulation risk, we may also thereby potentially decrease the volatility of our stock price.

Providing us the Ability to Issue Additional Securities

A Reverse Stock Split is expected to increase
the number of authorized, but unissued and unreserved, shares of our common stock. These additional shares would provide flexibility
to us for raising capital; repurchasing debt; providing equity incentives to employees, officers, directors, consultants and advisors
(including pursuant to our equity compensation plan); expanding our business through the acquisition of other businesses and for other
purposes. However, at present, we do not have any specific plans, arrangements, understandings or commitments for the additional shares
that would become available.

Accordingly, for these and other reasons, the
Board believes that a Reverse Stock Split is in the best interests of us and our Stockholders. A copy of the draft of the amendment to
our Certificate of Incorporation providing for the Reverse Stock Split is attached hereto as .

<div align='center'>3</div>

Criteria to be Used for Determining Whether to Implement a Reverse Stock Split

This proposal gives our Board the discretion
to select a Reverse Stock Split ratio from within a range between and including 1:2 and 1:250 on a date selected by the Board based on
its then-current assessment of the factors below, and in order to maximize Company and stockholder interests. In determining whether
to implement the Reverse Stock Split, and which ratio to implement, if any, the Board may consider, among other factors:

| ● | the historical trading price and trading volume of our                                                      
 Common Stock;                                                                                               |
| ● | the then-prevailing trading price and trading volume of our Common                                          
 Stock and the expected impact of the Reverse Stock Split on the trading market in the short- and long-term; |
| ● | the continued listing requirements for our Common Stock on The Nasdaq                                       
 Stock Market LLC (“