Healthcare Triangle raises $500K via 769K-share placement at $0.65; CFO agreement

Healthcare Triangle, Inc.

Private placement of 769,231 shares at $0.65/share for gross proceeds of $500,000.
Proceeds to be used for working capital; shares unregistered, sold under Rule 506(b).
CFO Thyagarajan Ramachandran enters 5-year employment agreement with base salary $278,000.
CFO eligible for annual cash bonus up to $100,000 and one-time $50,000 signing bonus.
Severance: 9 months base salary plus prorated bonus if terminated without cause or for good reason.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Healthcare Triangle, Inc. entered into Securities Purchase Agreement with a single purchaser valued at $0.65 per share (effective 2023-04-05).

Action: entry
Agreement: equity purchase
Counterparty: a single purchaser
Value: $0.65 per share
Effective: 2023-04-05

Exact text from the filing

On April 05, 2023, Healthcare Triangle Inc. (the “ Company ”) consummated the closing of a private placement (the “ Private Placement ”) of 769,231 shares of its common stock for a purchase price of $0.65 per share (the “ Shares ”), pursuant to the terms and conditions of the Securities Purchase Agreement, dated as of April 05, 2023 (the “ Purchase Agreement ”), between the Company and a single purchaser (the “ Purchaser ”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

Healthcare Triangle, Inc. filing history →

Source: SEC EDGAR

accession 0001607062-23-000174

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