secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001607062-23-000352
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Triangle receives default notice on $2.4M Seacoast debt; interest rate increases to 18%
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- Default notice from Seacoast Business Funding on June 23, 2023 for violating terms of Purchasing Agreement.
- Interest rate increased from Prime Rate to 18%; outstanding balance of $2,409,437 as of June 28, 2023.
- Default triggered by HCTI entering $1.5M loan with Agile Capital Funding without Seacoast's prior consent.
- No acceleration or foreclosure yet; company seeking resolution but no guarantee of favorable terms.
- Failure to resolve could cause material adverse effect on liquidity, financial condition, and possibly bankruptcy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000160706223000352/0001607062-23-000352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000160706223000352/hcti062823form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-23-000352

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