Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 530

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 530
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8) Equity Transactions

The Company issued 50,000 common stocks amounting
to $22 and 30,000 common stocks amounting to $108 as Consulting fees for services for the year ended December 31, 2024, and December 31,
2023, respectively. The fair value of the shares issued for services was calculated using the closing share price on date of grant.

The Company issued 558,958 shares of common stock
at a price of $1.71 per share and 76,923 shares of common stock at a price of $6.50 per share for total cash proceeds of approximately
$956 and $500 for the year ended December 31, 2024, and December 31, 2023, respectively.

The Company issued nil and 31,250 common stocks
at a price of $4 amounting $125 towards the equity earnout for the year ended December 31, 2024, and December 31, 2023, respectively.

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 $1.00 minimum 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.

Preferred Stock

The Company’s Certificate of Incorporation
provides for a class of its authorized stock known as preferred stock, comprised of 10,000,000 shares, $0.00001 par value per share (the
“Preferred Stock”), issuable from time to time in one or more series.

Series A Preferred Stock

With respect to payment of dividends and distribution of assets upon liquidation, dissolution, or winding up of
the Corporation, whether voluntary or involuntary, the Series A Convertible Preferred Stock will rank: (i) senior to all other classes
or series of capital stock of the Corporation now existing or hereafter authorized, classified or reclassified, and (ii) junior to all
Indebtedness of the Corporation now existing or hereafter authorized (including Indebtedness convertible into Common Stock).

The holders
of the Series A Convertible Preferred Stock shall not be entitled to receive dividends paid on the Corporation's Common Stock.

With respect to payment