Loan & DebtJun 15, 2026, 05:01 PM
Healthcare Triangle Raises $3.6M Via Convertible Notes; $50M Equity Line
AI Summary
Healthcare Triangle, Inc. announced the closing of a private placement offering of $4.235 million in aggregate principal amount of 15% original issue discount senior convertible promissory notes, generating approximately $3.6 million in gross proceeds. The notes mature on December 12, 2026, and are convertible into common stock under certain conditions. Additionally, the company entered into an Equity Purchase Agreement with Hudson Global Ventures, LLC, allowing the company to sell up to $50 million of its common stock over a 36-month period, subject to various conditions and limitations. A warrant to purchase 50,000 shares was also issued.
Key Highlights
- Healthcare Triangle Inc. closed a private placement of $4.235M in 15% original issue discount senior convertible promissory notes.
- Gross proceeds from the note offering were approximately $3.6M before fees and expenses.
- The notes mature on December 12, 2026, and are convertible into common stock after a six-month anniversary.
- The company also entered into an equity purchase agreement with Hudson Global Ventures, LLC, for up to $50M in common stock.
- A warrant to purchase up to 50,000 shares of common stock was issued in connection with the equity line transaction.
Price Impact
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