Healthcare Triangle, Inc. announced that it has entered into a securities purchase agreement with certain institutional investors providing for the issuance of senior unsecured convertible promissory notes in an aggregate original principal amount of up to $15.0 million, subject to customary closing conditions.
The notes were issued with a 20% original issue discount and are convertible into shares of the Company’s common stock, par value $0.00001 per share. The notes rank senior to all future indebtedness of the Company.
In connection with the agreement, the Company issued an initial senior unsecured convertible promissory note in the principal amount of $7.5 million. The initial issuance included participation from accredited investors pursuant to Regulation D.
RBW Capital Partners acted as placement agent for the transaction. Lucosky Brookman LLP served as counsel to RBW Capital Partners in connection with the financing.
