Healthcare Triangle, Inc., a digital transformation solutions provider for healthcare and life sciences industries, has secured a $15.2 million private investment through a complex securities offering. The private investment in public equity (PIPE) transaction involves the issuance of 36,190,476 units comprising common stock, pre-funded warrants, and two series of stock purchase warrants.
The offering includes shares of common stock and pre-funded warrants with minimal exercise prices, alongside series A and series B warrants that can be exercised at $0.84 per share. These securities provide potential investors with multiple investment and conversion options, reflecting the company's strategic approach to capital raising.
RBW Capital, LLC and Spartan Capital Securities, LLC are serving as co-placement agents for the transaction. The offering represents a significant financial mechanism for Healthcare Triangle to potentially fund technological innovations, expand service capabilities, or strengthen its market position in the highly regulated healthcare technology sector.
The company, known for its expertise in cloud enablement, cybersecurity, and data analytics, has previously achieved HITRUST Certification for its cloud and data platforms. This latest financial maneuver suggests continued investment in technological infrastructure and potential growth strategies within the healthcare technology market.
