Healthcare Triangle, Inc. (HCTI) announced on October 2, 2025, that it has entered into warrant exercise agreements with three existing accredited investors. These agreements involve the immediate exercise of 812,775 outstanding warrants, generating gross cash proceeds of approximately $1.63 million.
In consideration for the immediate exercise, the company agreed to reduce the exercise price of the existing warrants from $20.92 to $2.00 per share. Additionally, the exercising holders will receive new unregistered warrants to purchase up to an aggregate of 812,775 shares of common stock at an exercise price of $3.00 per share.
The gross proceeds of $1.63 million are expected to enhance HCTI's working capital and support general corporate purposes. However, the terms of the inducement, including the reduced exercise price and issuance of new warrants, introduce potential dilution for current shareholders.
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