secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001607062-23-000174
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000160706223000174/0001607062-23-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000160706223000174/hcti040623form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-23-000174

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