---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-22-000784"
form_type: "8-K"
ticker: "HCTI"
cik: "0001839285"
company_name: "Healthcare Triangle, Inc."
filed_at: "2022-12-30T23:59:59+00:00"
generated_at: "2026-06-20T21:38:57.774469+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HCTI gets Nasdaq delisting notice after board resignations; auditor Ram resigns

## Summary
- Nasdaq notified HCTI on Dec 29 that board resignations violate independent director, audit committee, and compensation committee rules.
- Company must submit compliance plan by Jan 27, 2023; Nasdaq may grant up to 180 days to regain compliance.
- Auditor Ram Associates resigned effective Dec 27, 2022; no disagreements or reportable events in prior audits.
- Company has commenced competitive process to engage a new independent registered public accounting firm.
- Common stock continues to trade on Nasdaq Capital Market under HCTI; no immediate delisting.

## SEC filing metadata
- accession: 0001607062-22-000784
- form_type: 8-K
- ticker: HCTI
- cik: 0001839285
- company_name: Healthcare Triangle, Inc.
- filed_at: 2022-12-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000784/0001607062-22-000784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000784/hcti123022form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-22-000784
- JSON: https://secwatch.observer/filing/0001607062-22-000784.json
- Plain text: https://secwatch.observer/filing/0001607062-22-000784.txt

## Key facts
- Auditor Changes
  Ram Associates, Certified Public Accountants resigned as auditor of Healthcare Triangle, Inc..
  - Action: resignation
  - Auditor: Ram Associates, Certified Public Accountants
  source text: (a) Resignation of Independent Registered Public Accountants. On December 27, 2022, the Audit Committee of the Board of Directors of Healthcare Triangle, Inc. (the “Company”) received a letter from Ram Associates, Certified Public Accountants (“Ram”), stating that Ram had ceased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000784/0001607062-22-000784-index.htm
- Listing & Compliance Notices
  Healthcare Triangle, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(b)(1), 5605(c)(2), 5605(d)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605(b)(1), 5605(c)(2), 5605(d)(2)
  source text: December 29, 2022, the Nasdaq Stock Market LLC (“Nasdaq”) notified (“Notice”) Healthcare Triangle, Inc. (the “Company”) that due to the resignations of Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad from the Company’s board of directors (“board”), audit committee and compensation committee, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined by Rule 5605(a)(2)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000784/0001607062-22-000784-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.