Healthcare Triangle, Inc. Raises $3.6 Million Via Private Placement Offering

Healthcare Triangle, Inc. Secures $3.6 Million in Funding through Private Placement

In a significant move for its growth strategy, Healthcare Triangle, Inc. (Nasdaq: HCTI), a leading company in the digital transformation of healthcare and life sciences, announced the successful closure of a private placement offering. This offering, focused on original issue discount senior convertible promissory notes, has raised approximately $3.6 million in gross proceeds before deductions for placement agent fees and other expenses.

Details of the Offering

As outlined in the announcement made on June 12, 2026, Healthcare Triangle's offering involved notes totaling an aggregate principal amount of $4.235 million, with a maturity date set for December 12, 2026. Notably, these convertible promissory notes allow holders the option to convert into shares any time after the six-month mark from the original issue date. The conversion price is pegged at 85% of the Volume Weighted Average Price (VWAP) of the company’s common stock, calculated over the three trading days prior to the conversion notice.

The funds generated from this offering are intended for various purposes such as repaying existing debt, exploring strategic acquisitions, and bolstering general working capital. This move comes at a crucial time for Healthcare Triangle, which is committed to enhancing healthcare outcomes through advanced data utilization and technology.

Role of WallachBeth Capital

WallachBeth Capital LLC served as the placement agent for this offering, further facilitating the company's ability to navigate the complexities of financial markets.

It's important to note that the notes and the corresponding shares of common stock are not registered under the Securities Act of 1933 or any state securities laws, meaning they cannot be sold or offered in the United States unless registered or covered by an exemption.

Future Plans and Strategy

The strategic use of proceeds from the offering is indicative of Healthcare Triangle’s roadmap toward expansion and innovation within the digital healthcare services sector. The company’s focus continues to be on enabling healthcare organizations—from hospitals and health systems to payers and pharmaceutical players—to leverage technology for better health outcomes.

Recently, Healthcare Triangle has successfully attained the HITRUST Certification for its Cloud and Data Platforms, reinforcing its commitment to data security and compliance, which are critical in today’s digital transformation journey. The HITRUST Risk-based, 2-year Certified status is a testament to the company's high standards for data protection.

Healthcare Triangle is not only focused on technology adoption but also emphasizes business agility and responsiveness to the market and competitive pressures. The healthcare sector is in constant flux, and the company aims to assist clients in navigating these shifts effectively.

Concluding Thoughts

With the completion of this private placement offering, Healthcare Triangle is well-positioned to continue its mission of transforming healthcare through technology. The funds will enable the company to address previous financial obligations while pursuing strategic avenues for growth. As the healthcare landscape evolves, Healthcare Triangle remains at the forefront, leveraging its expertise to spearhead change and foster innovation.

For additional information, the Company plans to disclose more details about the transaction in their forthcoming Current Report on Form 8-K, which will be available on the U.S. Securities and Exchange Commission's website.