secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001213900-24-090797
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 2.04, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Triangle acquires cloud assets of SecureKloud for $7.2M in Series B Convertible Preferred Stock
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- Acquired cloud and technology business assets of SecureKloud Technologies, Inc. for 1,600,000 shares of Series B Convertible Preferred Stock valued at $7.2 million.
- Series B Preferred is convertible into 10 common shares each at holder's option, subject to shareholder approval and Nasdaq rules.
- Received waiver of prior default from Seacoast National Bank on October 21, 2024; now in compliance under the Purchasing Agreement.
- Filed Certificate of Designations for Series B Preferred with Delaware on October 22, 2024; no voting or dividend rights.
- Transaction closed on October 22, 2024 at Seller's place of business; consideration payable in equity based on 30-day VWAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000121390024090797/0001213900-24-090797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000121390024090797/ea0218708-8k_health.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-090797

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