Healthcare Triangle Inc. announced it has entered into a Securities Purchase Agreement with certain institutional investors for a private financing round. The agreement includes the issuance of senior unsecured convertible promissory notes with a 20% original issue discount, in an aggregate principal amount of up to $15 million. The initial tranche, totaling $7.5 million in principal, was issued on November 20, 2025, for a purchase price of $6 million. A second tranche of $7.5 million may be issued pending certain conditions, including an effective registration statement for the resale of shares issuable upon conversion of the notes. The company has also entered into a Registration Rights Agreement with the investors, outlining deadlines for filing and effectiveness of the registration statement. Gross proceeds from the initial tranche amounted to approximately $6 million before fees and expenses. RBW Capital Partners LLC, a division of Dawson James Securities, Inc., served as placement agent for the offering.