Healthcare Triangle, Inc. (HCTI): Nasdaq/NYSE listing notice — 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.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.7

Healthcare Triangle, Inc. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 28, 2025, the Company received net proceeds of $13.68 million from its $15.2 million private placement of units consisting of common stock or prefunded warrants and series A warrants and series B warrants (the “Private Offering”). As of February 28, 2025, the Company believes it is in compliance with the Minimum Equity Requirement as a result of receiving approximately $13.68 million in net proceeds from the Private Offering, after considering anticipated net losses through February 28, 2025. Nasdaq will continue to monitor the Company’s ongoing compliance with the Minimum Equity Requ

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Healthcare Triangle, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-018926

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