Healthcare Triangle, Inc. announced it has entered into two material financing agreements on June 12, 2026. The company completed a private placement of convertible notes for gross proceeds of approximately $3.6 million and established a common stock purchase agreement, or equity line, for up to $50 million with an investor.
Key Details
- Convertible Note Offering: The company raised approximately $3.6 million in gross proceeds by issuing $4.235 million in aggregate principal amount of 15% original issue discount senior convertible promissory notes. The notes mature on December 12, 2026, and are convertible after six months at a price equal to 85% of the 3-day VWAP, subject to a floor price of $0.452 per share.
- Equity Line Agreement: HCTI entered into a $50 million equity purchase agreement with Hudson Global Ventures, LLC. The agreement allows the company, at its discretion, to sell shares of its common stock to the investor over a 36-month period, subject to certain conditions. The purchase price for shares will be 94% of a recent market price metric.
- Warrant Issuance: In connection with the equity line, the company issued a warrant to the investor to purchase up to 50,000 shares of common stock at an exercise price of $0.00001 per share, exercisable for five years.