Healthcare Triangle, Inc. — fact timeline

Roy Sookhoo resigned as Chief Operating Officer at Healthcare Triangle, Inc..

“On April 30, 2023, Mr. Roy Sookhoo resigned as Chief Operating Officer of Healthcare Triangle, Inc. (the “ Company ”).”

Healthcare Triangle, Inc. entered into Securities Purchase Agreement with a single purchaser valued at $0.65 per share (effective 2023-04-05).

“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 ”).”

Healthcare Triangle, Inc. engaged BF Borgers CPA PC as its auditor.

“r “ HTI ”) engaged BF Borgers CPA PC (“ Borgers ”) as the Company’s independent certified public”

Roy Sookhoo was appointed as Chief Operating Officer at Healthcare Triangle, Inc..

“On January 5, 2023 Mr. Roy Sookhoo and the Company entered into an offer letter effective January 25, 2023 pursuant to which he was engaged as the Company’s Chief Operating Officer”

Dave Rosa was appointed as Chairman of the Board at Healthcare Triangle, Inc..

“Mr. Dave Rosa has been appointed as the Chairman of the Board replacing Mr. Venkatachari.”

Suresh Venkatachari resigned as director and Chairman at Healthcare Triangle, Inc..

“On January 25, 2023, Mr Suresh Venkatachari (“Mr. Venkatachari”) resigned as director and Chairman of the Company.”

Jainal Bhuiyan was appointed as director at Healthcare Triangle, Inc..

“On January 25, 2023, the Board of Directors appointed Ronald McClurg, Paige Heaphy and Jainal Bhuiyan as directors to the Company’s Board of Directors.”

Paige Heaphy was appointed as director at Healthcare Triangle, Inc..

“On January 25, 2023, the Board of Directors appointed Ronald McClurg, Paige Heaphy and Jainal Bhuiyan as directors to the Company’s Board of Directors.”

Ronald McClurg was appointed as director at Healthcare Triangle, Inc..

“On January 25, 2023, the Board of Directors appointed Ronald McClurg, Paige Heaphy and Jainal Bhuiyan as directors to the Company’s Board of Directors.”

Ram Associates, Certified Public Accountants resigned as auditor of Healthcare Triangle, Inc..

“(a) Resignation of Independent Registered Public Accountants. On December 27, 2022, the Audit Committee of the Board of Directors of Healthcare Triangle, Inc. (the “Company”) received a letter from Ram Associates, Certified Public Accountants (“Ram”), stating that Ram had ceased”

Healthcare Triangle, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(b)(1), 5605(c)(2), 5605(d)(2)).

“December 29, 2022, the Nasdaq Stock Market LLC (“Nasdaq”) notified (“Notice”) Healthcare Triangle, Inc. (the “Company”) that due to the resignations of Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad from the Company’s board of directors (“board”), audit committee and compensation committee, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined by Rule 5605(a)(2)”

April Bjornstad resigned as Director at Healthcare Triangle, Inc..

“received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date”

John Leo resigned as Director at Healthcare Triangle, Inc..

“received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date”

Jeffrey S. Mathiesen resigned as Director at Healthcare Triangle, Inc..

“received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date”

Healthcare Triangle, Inc. shareholders approved Ratification of appointment of Ram Associates CPAS as independent registered public accounting firm for fiscal year ending December 31, 2022 at the 2022-11-17 meeting.

“Proposal No. 4: Ratification of the Auditors The Company’s shareholders approved the resolution to approve Ram Associates CPAS as the Company’s independent public accounting firm for fiscal 2022. The table below sets forth the voting results for Proposal 4:”

Healthcare Triangle, Inc. shareholders approved Proposal to amend the 2020 stock incentive plan to provide for automatic increases in the number of shares subject to the plan at the 2022-11-17 meeting.

“Proposal No. 3: Proposal to Amend the 2020 Stock Incentive Plan to Provide for Automatic Increases in the Number of Shares Subject to the Plan The Company’s shareholders approved the resolution to amend (the “Plan Amendment”) the Healthcare Triangle, Inc. 2020 Stock Incentive Plan (“Plan”) to provide for the automatic increase in the number of shares under the Plan on the first day of each fiscal year beginning with the 2023 fiscal year, in an amount equal to the least of: (a) 2,000,000 shares, (b) a number of shares equal to eight percent (8%) of the total number of shares of all classes of common stock of the Company outstanding on the last day of the immediately preceding fiscal year, or (c) such number of shares determined by the Administrator of the Plan no later than the last day of the immediately preceding fiscal year. The Plan Amendment will terminate with the termination of the Plan on December 31, 2030. The table below sets forth the voting results for Proposal 3:”

Healthcare Triangle, Inc. shareholders approved Approval of an amendment to the restated certificate of incorporation to effect a reverse stock split at the 2022-11-17 meeting.

“Proposal No. 2: Approval of an Amendment to the Amended and Restated Certificate of Incorporation to Effect the Reverse Stock Split The Company’s shareholders approved the resolution to give the Board of Directors (“Board”) the discretion to effect the Reverse Stock Split (as defined in the Proxy Statement) of the Company’s common stock in a range of split ratios from 1-for-2 to 1-for-10 at any time prior to May 29, 2023. The table below sets forth the voting results for Proposal 2:”

Healthcare Triangle, Inc. shareholders approved Election of seven directors to serve a one-year term at the 2022-11-17 meeting.

“Proposal No. 1: Election of Directors The Company’s shareholders elected all of the director nominees nominated by the Board to serve for a one-year term, until the 2023 annual meeting of shareholders and until their successors are duly elected and qualified. The table below sets forth the voting results for Proposal 1:”

Sudish Mogli resigned as Chief Technology Officer at Healthcare Triangle, Inc..

“On May 26, 2022, Sudish Mogli, the Chief Technology Officer of Healthcare Triangle, Inc. (the 'Company'), resigned effective immediately.”

Jeffrey S. Mathiesen was appointed as Director at Healthcare Triangle, Inc..

“On March 31, 2022 the Board has appointed Jeffrey S. Mathiesen, age 61, as a Director of the Board”

Brendan Gallagher resigned as Director at Healthcare Triangle, Inc..

“On March 30, 2022, Brendan Gallagher, a member of the Board and a member of the Compensation Committee and the Nominating and Corporate Governance Committee of the Company, resigned effective immediately.”

Vivek Prakash resigned as Director at Healthcare Triangle, Inc..

“On March 30, 2022, Vivek Prakash, a member of the Board of Directors (the “Board”) of Healthcare Triangle, Inc. (the “Company”), a member and the Chairman of Audit Committee, Audit Committee financial expert, a member and the Chairman of the Compensation Committee, a member and the Chairman of the Nominating and Corporate Governance Committee of the Company, resigned effective immediately.”