HCTI - Healthcare triangle announces $6.5M equity offering
- Healthcare Triangle ( NASDAQ: HCTI ) announces direct offering of 6.09M common stock and up to 6.09M unregistered preferred investment options.
- The purchase price for one share of common stock and one investment option to purchase one share of common stock is $1.066.
- The investment options have an exercise price of $1.066 per share, will become exercisable six months following issuance date, and will have a term equal to five years following the issuance date.
- Closing date is July 13, 2022.
- The gross proceeds of ~$6.5M will be used for the working capital and other general corporate purposes.
- Source: Press Release
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Healthcare triangle announces $6.5M equity offering