Company: HCTI
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001213900-25-041190
Chunk: 26

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-09
Form: S-1/A
Chunk 26
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 or has the option to (or the investor in such security has the option to require the Company to) make such amortization payments in
Common Stock (whether or not such payments in stock are subject to certain equity conditions) or (iii) enters into, or effects a transaction
under, any agreement, including, but not limited to, an equity line of credit or “at-the-market” offering, whereby it may
sell securities at a future determined price, regardless of whether shares of Common Stock pursuant to such agreement have actually been
issued and regardless of whether such agreement is subsequently canceled, provided that any issuance of Shares (1) issued in connection
with the Securities Purchase Agreement dated December 28, 2023 between the Company and L1 Capital Global Opportunities Master Fund Ltd
or any of the transaction documents related thereto (collectively, The “L1 Transaction Documents”) excluding any amendments
or restatements of such L1 Transaction Documents or (2) upon the exercise of the Purchase Warrants will not be deemed a Variable Rate
Transaction.

The Company has also entered
into a Registration Rights Agreement (the “Registration Rights Agreement”) dated February 28, 2025 with the selling stockholders
pursuant which we agreed to file the Registration Statement for all of the Registrable Securities within five (5) calendar days of filing
its Annual Report on Form 10-K for fiscal year 2024 and has agreed that the Registration Statement shall be effective no later than 45
days after the filing of such 10-K (if the Securities and Exchange Commission (the “SEC”) has no comments on the Registration
statement and no later than 75 days after the filing of such 10-K if the SEC does have comments. The Company has agreed to pay a daily
penalty to the selling stockholders equal to 0.1% of the subscription amount of the Unit offering for each day it fails to meet the deadlines
described above.

The gross proceeds from the Private Placement
were approximately $15.2 million, from which the Company received approximately $13.68 million in net proceeds after fees and expenses
of the Private Placement.

<div align='center'>11

SELLING STOCKHOLDERS</div>

This prospectus relates
to the offer and sale from time to time of up to 1,483,809,885 shares of Common Stock of Healthcare Triangle, Inc. by the selling stockholders.
The number of shares the selling stockholders may sell consists of up to