Healthcare Triangle closes $15.2M PIPE, regains Nasdaq equity compliance

Healthcare Triangle, Inc.

Closed private placement of 36,190,485 units at $0.42/unit; gross proceeds $15.2M, net $13.68M.
Each unit includes common stock/pre-funded warrant plus Series A and B warrants exercisable at $0.84.
Company believes it now meets Nasdaq's $2.5M minimum stockholders' equity requirement as of Feb 28, 2025.
Net proceeds to be used for acquisitions, working capital, and general corporate purposes.
Warrants subject to price reset; stockholder approval required within 60 days of closing.

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