Company: HCTI
Filing Date: 2025-04-22
Form Type: S-1/A
Source: 0001213900-25-034248
Chunk: 41

Company: Healthcare Triangle, Inc.
Filing Date: 2025-04-22
Form: S-1/A
Chunk 41
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 the Securities Act or Regulation D promulgated thereunder in that the
issuance of securities did not involve a public offering. The recipient of such securities represented its intention to acquire the securities
for investment purposes only and not with a view to or for sale in connection with any distribution thereof.

Issuance of Series B Preferred Stock

On October 22, 2024, we issued 1,600,000 shares
of our newly designated Series B Convertible Preferred Stock (“Series B Preferred Stock”), which is/are convertible each into
10 common stock(s) of the Company, at the holder’s option (subject to shareholder’s approval), for a total consideration of
at $4.50 per share of Series B Preferred Stock valuing the transferred assets at USD 7.20 million. The Series B Preferred Stock shares
were issued pursuant to our October 21, 2024, Asset Transfer Agreement with SecureKloud Technologies, Inc., a Nevada corporation (“SK
Inc.”), whereby the Company acquired substantially all of the business, assets, and operations relating to cloud and technology
domain of SK Inc.

The issuance of the Series B Preferred Stock was
deemed exempt from registration under Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder in that the issuance
of securities did not involve a public offering. The recipient of such securities represented its intention to acquire the securities
for investment purposes only and not with a view to or for sale in connection with any distribution thereof.

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Item 16. Exhibits.

| (a) | Exhibits. |

| Exhibit No. |     | Description                                                                                                                                                                                                                                                        |
| 3.1         |     | Certificate                                                                                                                                                                                                                                                        
 of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1                                                                                                                                      
 (No. 333-259180), filed with the SEC on October 8, 2021)                                                                                                                                                                                                           |
| 3.2         |     | Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 (No. 333-259180), filed with the SEC on October 8, 2021)                                                                                       |
| 3.3         |     | Amendment to Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.3