---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-24-000003"
form_type: "8-K"
ticker: "HCTI"
cik: "0001839285"
company_name: "Healthcare Triangle, Inc."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:28:29.195155+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Healthcare Triangle closes $2M convertible note and warrant private placement

## Summary
- Issued $2,000,000 senior secured convertible note with 15% OID; gross proceeds $1.7M, net ~$1.5M.
- Warrants to purchase 357,500 shares at $3.44688 per share; term 5 years.
- Note matures June 28, 2025; convertible at $3.44688 per share with lower adjustments on default.
- Potential additional closings up to $3.2M in principal subject to conditions.
- Notes secured by all company assets and subsidiary guarantee; monthly payments required.

## SEC filing metadata
- accession: 0001607062-24-000003
- form_type: 8-K
- ticker: HCTI
- cik: 0001839285
- company_name: Healthcare Triangle, Inc.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/0001607062-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/hcti010224form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-24-000003
- JSON: https://secwatch.observer/filing/0001607062-24-000003.json
- Plain text: https://secwatch.observer/filing/0001607062-24-000003.txt

## Key facts
- Debt Financings
  Healthcare Triangle, Inc. incurred convertible notes of $2,000,000 maturing 18 months after issuance.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Maturity: 18 months after issuance
  - Event: incurrence
  source text: Under the first tranche of funding, which closed upon signing of the Purchase Agreement on December 28, 2023, the Company issued a Note to the Investor in the principal amount of $2,000,000 which resulted in gross proceeds to the Company of $1,700,000 and Warrants to purchase up to an aggregate of 357,500 Warrant Shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/0001607062-24-000003-index.htm
- Material Agreements
  Healthcare Triangle, Inc. entered into Securities Purchase Agreement with an institutional investor valued at up to $5,200,000 (effective 2023-12-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an institutional investor
  - Value: up to $5,200,000
  - Effective: 2023-12-28
  source text: On December 28, 2023, Healthcare Triangle, Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with an institutional investor (the “ Investor ”), pursuant to which the Company agreed to issue to the Investor Senior Secured 15% Original Issue Discount Convertible Promissory Notes (the “ Notes ”) in the aggregate principal amount of up to $5,200,000 which will result in gross proceeds to the Company in the amount of up to $4,420,000 due to the original issue discount, and warrants
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/0001607062-24-000003-index.htm

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