other_material
confidence high
sentiment neutral
materiality 0.65
Healthcare Triangle 1-for-249 reverse stock split effective Aug 1, 2025 to meet Nasdaq $1 bid
Healthcare Triangle, Inc.
- Shares reduced from ~1.452B to ~5.83M; no fractional shares issued, rounded up.
- Split effective 12:01 a.m. ET Aug 1, 2025; trading symbol HCTI unchanged, new CUSIP 42227W306.
- Approved by stockholders Feb 26, 2025; part of plan to regain Nasdaq minimum bid compliance.
- Company had risk of delisting due to low stock price; split intended to raise per-share price above $1.
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