Nasdaq notifies HCTI of bid price non-compliance; 180-day cure period to Dec 23, 2024

Healthcare Triangle, Inc.

Bid price closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
Company has until December 23, 2024 to regain compliance; must close at $1.00+ for 10 consecutive days.
If not cured, HCTI may qualify for an additional 180-day period if it meets other listing standards.
Failure to regain compliance could lead to delisting; company can appeal to a Nasdaq hearings panel.
No immediate impact on listing; HCTI common stock continues trading under 'HCTI' on Nasdaq.

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