Company: HCTI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021346
Chunk: 21

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 21
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ate share of any dividends we may declare and may make it more difficult for a stockholder to increase his/her percentage ownership in the Company. Moreover, an automatic increase in the number of shares subject to the Plan eliminates the ability of our stockholders to have control over this form of compensation to our directors and management. As of February 24, 2025: (i) 846,144shares of our common stock remained available for future awards under our Plan; and (ii) shares of our common stock were subject to outstanding options under our Plan (with the outstanding options having a weighted average exercise price of $2.20 per share and a weighted average term to scheduled expiration of 1.25 years). During the fiscal year ended December 31, 2024, our Board of Directors approved the grant of options to purchase 20,000shares of common stock under our Plan. Based solely on the closing price of our common stock as reported on The Nasdaq Capital Market on February 24, 2025, and the 5,666,781shares of our common stock that were outstanding on January 1, 2025, the maximum aggregate market value of the 2,866,644 additional shares that could potentially be issued under the Plan, assuming the Plan Amendment is approved, is approximately $1,089,325. The shares available for issuance by us under the Plan will be authorized but unissued or reacquired shares. Recommendation of the Board of Directors THE BOARD RECOMMENDS THAT YOU VOTE “FOR” APPROVAL OF THE PLAN AMENDMENT. 15 PROPOSAL THREE RATIFICATION OF THE APPOINTMENT OF
OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We have appointed M&K CPAS, PLLC as our independent registered public accounting firm to perform the audit of our consolidated financial statements for the fiscal year ending December 31, 2024, and we are asking you and other stockholders to ratify this appointment. M&K CPAS, PLLC has audited our financial statements since 2022. The audit committee annually reviews the independent registered public accounting firm’s independence, including reviewing all relationships between the independent registered public accounting firm and us and any disclosed relationships or services that may impact the objectivity and independence of the independent registered public accounting firm, and the independent registered public accounting firm’s performance. As a matter of good corporate governance, the Board of Directors determined to submit to stockholders for ratification the appointment of M&K CPAS, PLL