Healthcare Triangle Inc. Faces Potential Nasdaq Delisting Due to Regulatory Concerns Over Security Issuance

Reuters
05-24
Healthcare Triangle Inc. Faces Potential Nasdaq Delisting Due to Regulatory Concerns Over Security Issuance

Healthcare Triangle Inc. has received a notification from the Nasdaq Stock Market LLC regarding a potential delisting of its securities. On May 20, 2025, the company was informed that Nasdaq's Listing Qualifications Department has determined to delist its securities due to concerns over public interest related to a private placement agreement dated February 27, 2025. Specifically, the issuance of Series A and Series B Warrants have raised concerns due to reset provisions that could lead to substantial shareholder dilution. The Nasdaq Hearings Panel will review this matter, and the company has until May 30, 2025, to present its response. Healthcare Triangle Inc. intends to submit a compliance plan and is also considering listing on the OTCQB market as a contingency plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Healthcare Triangle Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-047425), on May 23, 2025, and is solely responsible for the information contained therein.

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