secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K/A
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001213900-24-104742
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Triangle acquires SecureKloud assets for $7.2M in preferred stock; regains Nasdaq equity compliance
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- Acquired cloud/tech assets from SecureKloud Technologies in exchange for 1.6M shares of Series B Convertible Preferred Stock, each convertible into 10 common shares subject to stockholder approval.
- Stated value of $7.2M based on 30-day VWAP of $0.45 per common share; independent Scalar valuation set asset value at ~$8M; fairness opinion received from KPSN & Associates.
- Closing occurred Oct 22, 2024; company believes stockholders' equity now approx. $4.6M, exceeding Nasdaq's $2.5M minimum requirement for continued listing.
- Conversion of preferred shares requires stockholder approval at 2024 annual meeting; no change of control until then.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000121390024104742/0001213900-24-104742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000121390024104742/ea0223379-8ka1_health.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-104742

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