Lucosky Brookman LLP Acts as Counsel to RBW Capital Partners on Healthcare Triangle’s $15 Million Senior Unsecured Convertible Note Offering
Healthcare Triangle, Inc. announced that it has entered into a Securities Purchase Agreement with certain institutional investors to issue senior unsecured convertible promissory notes with an aggregate original principal amount of up to $15,000,000, featuring a 20% original issue discount. The notes are convertible into shares of the Company’s common stock, par value $0.00001 per share, and rank senior to all future indebtedness of the Company.
On the same day, the Company issued the initial note in the amount of $7,500,000. This issuance included participation from two accredited investors under Regulation D and involved total sales compensation of $1,060,000.
RBW Capital Partners acted as the placement agent for the offering, with Lucosky Brookman LLP serving as counsel to RBW Capital Partners.