Curated News
By: NewsRamp Editorial Staff
February 27, 2025

Healthcare Triangle, Inc. Announces $15.2 Million PIPE Offering

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Source News Release

TLDR

  • Healthcare Triangle, Inc. announced a PIPE offering for gross proceeds of $15.2 million, providing financial advantage to investors.
  • Offering includes units with common stock, pre-funded warrants, series A warrants, and series B warrants, enhancing investment opportunities.
  • Healthcare Triangle's digital solutions enhance healthcare outcomes, data protection, and business agility, contributing to a better healthcare industry.
  • Healthcare Triangle's HITRUST Certification and innovative offerings like CloudEzTM and DataEzTM drive technological advancements in healthcare.

Impact - Why it Matters

This news matters as it highlights Healthcare Triangle, Inc.'s successful fundraising effort through a PIPE offering and emphasizes their commitment to digital transformation solutions for the healthcare and life sciences industries. Investors and industry professionals should take note of this development in the company's financial activities and service offerings.

Summary

Healthcare Triangle, Inc. (NASDAQ: HCTI) announced a PIPE offering for gross proceeds of approximately $15.2 million, with RBW Capital, LLC and Spartan Capital Securities, LLC acting as co-placement agents. The offering includes units consisting of common stock, pre-funded warrants, series A warrants, and series B warrants.

The common stock and warrants have not been registered under the Securities Act of 1933, and the press release emphasizes that this offering does not constitute an offer to sell securities in any jurisdiction where it would be unlawful.

Healthcare Triangle, Inc., based in Pleasanton, California, focuses on digital transformation solutions for healthcare and life sciences industries, offering HITRUST Certified services like CloudEzTM and DataEzTM. The press release also includes forward-looking statements and contact information for media and investors.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Healthcare Triangle, Inc. Announces $15.2 Million PIPE Offering

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