Healthcare Triangle, Inc (HCTI) Announces $15.2M PIPE Offering

Healthcare Triangle, Inc (NASDAQ: HCTI), Healthcare Triangle, Inc. (Nasdaq: HCTI) announced today a PIPE offering for gross proceeds of approximately $15.2 million, prior to deducting placement agent fees and other expenses payable by the Company.

The PIPE offering consists of 36,190,476 units consisting of (i) one share of common stock and/or one pre-funded warrant to purchase one share of common stock at an exercise price of $0.00001 per share, (ii) one series A warrant to purchase one share of common stock at an exercise price of $0.84 (subject to adjustments), and (iii) one series B warrant to purchase one share of common stock at an exercise price of $0.84 (subject to adjustments). Additional details on the transaction will be available in the Company's Form 8-K, which will be filed with the U.S. Securities and Exchange Commission and available at www.sec.gov .

RBW Capital, LLC (a division of Dawson James Securities, Inc) and Spartan Capital Securities, LLC acted as the co-placement agents in connection with the offering.

The common stock, the pre-funded warrants, the series A warrants, the series B warrants and the common stock issuable upon the conversion of the pre-funded warrants, the series A warrants, and the series B warrants have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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