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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.