Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 98

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 98
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arrant Share.

The Purchaser also received the Preferred Investment Options. The aggregate gross proceeds to the Company from Private Placement were approximately $ 6,500, before deducting placement agent fees and other offering expenses. The net proceeds from the private placement amount to $ 5,888.

The Company issued 30,000common stocks amounting to $ 108and 22,500common stocks amounting to $ 124as Consulting fees for services for the year ended December 31, 2023, and December 31, 2022, respectively The fair value of the shares issued for services was calculated using the closing share price on date of grant.

During the year ended December 31, 2023, the Company issued 76,923shares of common stock at a price of $ 6.50per share for total cash proceeds of approximately $ 500. The shares were issued through a private placement and were fully paid upon issuance. The proceeds were used for working capital and other general corporate purposes.

During the year ended December 31, 2022, employees exercised stock options resulting in the issuance of 12,614common stocks for a value of $ 29.

During the year ended December 31, 2023, the company issued 31,250common stocks towards the equity earnout by dividing $ 125,000, the value of the consideration earned by the average of the VWAP for the 20 trading days immediately prior to December 31, 2022.

On May 26, 2023, the Company effected a one-for-ten (1:10)reverse stock split of its outstanding common stock to be in compliance with the $ 1.00minimum bid price requirement for continued listing. As a result of the reverse stock split, all previous and forward-looking shares have been adjusted to the split. The Company’s issued and outstanding common stock were combined into one new share of common stock resulting in a reduction of 304 rounding shares.

| Month           |     | Shares    
 purchased |        |     | Average cost 
 per share    |      |     | Amount |     |
|:----------------|:----|:----------|-------:|:----|:-------------|-----:|:----|:-------|----:|
| July, 2022      |     |           |  5,417 |     | $            |  8.0 |     | $      |  43 |
| August, 2022    |     |           |