---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-23-000174"
form_type: "8-K"
ticker: "HCTI"
cik: "0001839285"
company_name: "Healthcare Triangle, Inc."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:21:24.792114+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001607062-23-000174
- form_type: 8-K
- ticker: HCTI
- cik: 0001839285
- company_name: Healthcare Triangle, Inc.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839285/000160706223000174/0001607062-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839285/000160706223000174/hcti040623form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-23-000174
- JSON: https://secwatch.observer/filing/0001607062-23-000174.json
- Plain text: https://secwatch.observer/filing/0001607062-23-000174.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706223000174/0001607062-23-000174-index.htm

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