Healthcare Triangle, Inc. Announces 1-for-249 Reverse Stock Split to Meet Nasdaq Compliance

Healthcare Triangle, Inc. (Nasdaq: HCTI), a leading digital transformation solutions provider for the healthcare and life sciences industries, has taken a significant step to ensure its compliance with Nasdaq Capital Market listing requirements. The company announced a 1-for-249 reverse stock split of its common stock, effective from 12:01 a.m. Eastern Time on August 1, 2025. This move is designed to increase the company's share price to meet the Nasdaq's minimum bid price requirement of $1.00, thereby securing its continued listing and trading under the ticker symbol 'HCTI'.

The reverse stock split was approved by stockholders during a special meeting held on February 26, 2025. Under this arrangement, every 249 shares of the company's outstanding common stock will be consolidated into one share. This adjustment is projected to decrease the number of outstanding shares from approximately 1,452,124,283 to about 5,831,850. Importantly, this change will not affect the par value of the shares or the total number of authorized shares. Stockholders will not receive fractional shares; instead, their holdings will be rounded up to the nearest whole share at the participant level.

Stockholders recorded on the books of Healthcare Triangle as of August 1, 2025, will receive information regarding their adjusted share ownership from the company's transfer agent, VStock Transfer, LLC. Additional information about the reverse stock split can be found in the company's definitive information statement on Schedule 14C, which was filed with the U.S. Securities and Exchange Commission on March 17, 2025, and is available at https://sec.gov.