Company: HCTI
Filing Date: 2025-03-17
Form Type: DEF 14C
Source: 0001213900-25-024319
Chunk: 5

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-17
Form: DEF 14C
Chunk 5
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 brokers from recommending low -pricedstocks 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 -pricedstocks. 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 Annex A. 2 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 -currentassessment 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 -prevailingtrading 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 (“ Nasdaq”) or other applicable exchanges, if then applicable; •the number of shares of Common Stock outstanding; •which Reverse Stock Split ratio would result in the least administrative cost to us