secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare Triangle, Inc. (HCTI)
CIK:        0001839285
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001607062-24-000003
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/0001607062-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839285/000160706224000003/hcti010224form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-24-000003

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