Healthcare Triangle raises $3.96 million in registered direct offering

Healthcare Triangle Inc. (NASDAQ: HCTI) announced it has entered into definitive agreements for a registered direct offering of 681,553 shares of common stock at $5.81 per share, according to a company statement.

The Pleasanton, California-based digital transformation company expects gross proceeds of approximately $3.96 million from the offering, before deducting placement agent fees and other expenses. The closing is expected to occur on or about February 27, 2026, subject to customary closing conditions.

D. Boral Capital, LLC is serving as sole placement agent for the offering. The shares are being offered under a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on January 31, 2024.

Healthcare Triangle provides digital transformation solutions for healthcare and life sciences organizations, including hospitals, health systems, payers, and pharmaceutical companies. The company offers cloud and data platform services marketed as CloudEz and DataEz, which have achieved HITRUST certification for data protection and information security standards.

The offering is being conducted under a prospectus supplement that will be filed with the SEC. Investors can access the prospectus documents through the SEC's website or by contacting the placement agent.

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