Healthcare Triangle announces $3.959M registered direct offering priced ATM

Healthcare Triangle (HCTI) announced that it has entered into definitive agreements for the purchase and sale of 681,553 shares of common stock at a purchase price of $5.81 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 27, subject to the satisfaction of customary closing conditions. D. Boral Capital is acting as sole placement agent for the offering. The gross proceeds to the company from the offering are expected to be approximately $3.959M, before deducting placement agent fees and other offering expenses payable by the company.