secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001213900-25-113672
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Triangle raises $6M via convertible notes with 20% OID; up to $15M total
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- Initial tranche $7.5M principal (20% OID, net $6M) to institutional investors; matures Nov 20, 2026.
- Notes convertible at greater of 80% of lowest 5-day VWAP or $0.38/share; 18% past-due interest rate.
- Second $7.5M tranche conditioned on effective resale registration; registration must be filed within 10 days.
- Stockholder approval needed for conversion shares >19.99% of outstanding; special meeting set for Nov 28, 2025.
- Placement agent RBW Capital (Dawson James) receives 8% cash fee plus $100k in legal expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000121390025113672/0001213900-25-113672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000121390025113672/ea0266767-8k_healthcare.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-113672

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer