Healthcare Triangle Inc announces 163 million private placement through warrant inducement

Reuters2025-10-09
<a href="https://laohu8.com/S/HCTI">Healthcare Triangle</a> Inc announces 163 million private placement through warrant inducement

Healthcare Triangle Inc. has announced that it has entered into warrant exercise agreements with certain accredited and institutional investors, resulting in the immediate exercise of outstanding warrants to purchase 812,775 shares of common stock. This transaction will generate approximately $1.63 million in gross proceeds for the company. In connection with the exercise, the company has agreed to reduce the exercise price of the existing warrants from $20.92 to $2.00 per share. Participating investors will also receive new unregistered warrants to purchase up to 812,775 shares of common stock at an exercise price of $3.00 per share, exercisable upon stockholder approval and expiring five years from that date. WallachBeth Capital is acting as the sole placement agent for this warrant inducement transaction.

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