Healthcare Triangle Prices 681,553 Shares at $5.81, Raising $3.96M
Healthcare Triangle entered agreements to sell 681,553 shares of common stock or prefunded warrants at $5.81 per share in a registered direct offering under Nasdaq rules. Gross proceeds of approximately $3.959 million are expected, with closing targeted for on or about February 27, 2026, subject to customary conditions.
1. Transaction Details
Healthcare Triangle entered into definitive agreements to sell 681,553 shares of common stock or prefunded warrants at $5.81 per share in a registered direct offering, yielding gross proceeds of approximately $3.959 million before deducting placement agent fees and offering expenses.
2. Offering Mechanics and Timeline
The securities are being offered at-the-market under Nasdaq rules with expected closing on or about February 27, 2026, subject to satisfaction of customary closing conditions; D. Boral Capital, LLC is acting as sole placement agent.
3. Registration Statement
The shares are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-276382) declared effective January 31, 2024, with a prospectus supplement to be filed detailing the terms of the registered direct offering.