Healthcare Triangle, Inc. (HCTI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
HCTI currently has 1.97M outstanding shares. with significant dilution risk as 48.2M authorized shares could dilute existing holders by 2447.6%. The company has significantly diluted shareholders by 1508.61% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 15, 2026 |
10-K filing | 2.0M shares outstanding |
2M | 48M |
| Dec 10, 2025 |
8-K filing: Healthcare Triangle, Inc. entered into a non-binding advance agreement with Teyame A.I. LLC for a proposed acquisition of Teyame 360 S.L. and Datono Mediacion S.L., involving cash, common stock, and convertible preferred stock consideration. |
5.8M | 44M |
| Nov 28, 2025 |
S-3 filing: This S-3 filing from Healthcare Triangle, Inc. relates to the offer and resale of common stock issuable upon the conversion of convertible notes, as well as warrant inducement and ATM sales program. |
5.8M | 44M |
| Oct 16, 2025 |
S-3 filing: S-3 filing for offering of common stock issuable upon exercise of warrants and resale of common stock by selling stockholders. |
5.9M | 3.4M |
| Aug 14, 2025 |
10-Q filing | 5.8M shares outstanding |
5.8M | 480K |
| Aug 01, 2025 |
Stock Split
8-K filing: Stock split 1-for-249 | Outstanding: 408,445,597 → 5,831,816 |
5.8M | 500K |
| Jun 23, 2025 |
8-K filing: Healthcare Triangle, Inc. acquired assets and 100% equity interest in Ezovion Solutions Private Limited from Niyama Healthcare, Inc. for $5.7 million, including cash, restricted common stock, and potential earn-out payments. ($3.0M proceeds) |
410M | 1.2B |
| May 20, 2025 |
10-Q filing | 408.4M shares outstanding |
410M | 1.2B |
| May 09, 2025 |
S-1/A filing: This prospectus relates to the offer and sale from time to time of up to 1,483,809,885 shares of common stock by the selling stockholders. |
45M | 1.5B |
| Apr 22, 2025 |
S-1/A filing: This S-1/A filing relates to the offer and sale from time to time of up to 1,483,809,885 shares of common stock by the selling stockholders, including shares purchased, shares issuable upon exercise of pre-funded warrants, Series A warrants, and Series B warrants. |
45M | 1.5B |
| Apr 01, 2025 |
S-1 filing: This S-1 filing relates to the offer and sale from time to time of up to 1,483,809,885 shares of common stock of Healthcare Triangle, Inc. by the selling stockholders. |
45M | 3B |
| Mar 31, 2025 |
10-K filing | 45.2M shares outstanding |
45M | 48M |
| Mar 03, 2025 |
8-K filing: Healthcare Triangle, Inc. entered into Securities Purchase Agreements for a private placement of 36,190,485 units, each consisting of one share of common stock or one pre-funded warrant, one Series A Warrant, and one Series B Warrant, at an offering price of $0.42 per Unit, closing on February 28, 2025. ($15.2M proceeds) |
5.7M | 87M |
| Nov 14, 2024 |
10-Q filing | 5.7M shares outstanding |
5.7M | 87M |
| Oct 25, 2024 |
8-K filing: Healthcare Triangle, Inc. acquired assets from SecureKloud Technologies, Inc. for 1,600,000 shares of Series B Convertible Preferred Stock, convertible into 10 common shares each, valued at $4.50 per share. ($7.2M proceeds) |
5.3M | 88M |
| Aug 19, 2024 |
10-Q filing | 5.3M shares outstanding |
5.3M | 88M |
| May 20, 2024 |
10-Q filing | 5.6M shares outstanding |
5.6M | 87M |
| Mar 18, 2024 |
10-K filing | 4.2M shares outstanding |
4.2M | 89M |
| Feb 12, 2024 |
S-1/A filing: This prospectus relates to the offer and sale from time to time of up to 12,183,612 Shares of Common Stock by the selling stockholder. |
4.3M | 89M |
| Feb 09, 2024 |
S-1/A filing: The filing discusses the issuance of common stock, warrants, and options under various agreements and plans, including shares issued pursuant to a Securities Purchase Agreement, warrants issued from December 2020 to February 2021, and incentive and non-qualified stock options issued to employees, consultants, and directors in January and July 2021. |
4.3M | 78M |
| Jan 12, 2024 |
S-1 filing: This S-1 filing registers the resale of up to 12,183,612 shares of Common Stock by a selling stockholder, consisting of shares issuable upon conversion of a First Tranche Note and exercise of First Tranche Warrants. |
4.3M | 89M |
| Jan 05, 2024 |
S-3 filing: Healthcare Triangle, Inc. intends to offer common stock, preferred stock, and debt securities for a total aggregate amount of $50,000,000. |
4.3M | 77M |
| Jan 02, 2024 |
8-K filing: Healthcare Triangle, Inc. entered into a Securities Purchase Agreement with an institutional investor for the issuance of Senior Secured 15% Original Issue Discount Convertible Promissory Notes in the aggregate principal amount of up to $5,200,000 and warrants to purchase common stock. |
4.3M | 57M |
| Nov 13, 2023 |
10-Q filing | 4.3M shares outstanding |
4.3M | 57M |
| Aug 10, 2023 |
10-Q filing | 4.3M shares outstanding |
4.3M | 57M |
| May 09, 2023 |
10-Q filing | 42.8M shares outstanding |
43M | 18M |
| Apr 06, 2023 |
8-K filing: Healthcare Triangle Inc. consummated a private placement of 769,231 shares of its common stock at a purchase price of $0.65 per share, resulting in gross proceeds of $500,000. ($0.5M proceeds) |
42M | 19M |
| Mar 28, 2023 |
10-K filing | 41.7M shares outstanding |
42M | 19M |
| Nov 10, 2022 |
10-Q filing | 41.6M shares outstanding |
42M | 19M |
| Aug 18, 2022 |
S-1 filing: This S-1 filing relates to the resale of up to 12,621,951 shares of common stock by selling stockholders, including shares issued pursuant to a purchase agreement, warrant shares, and shares issuable upon the exercise of preferred investment options. |
39M | 21M |
| Aug 18, 2022 |
S-1/A filing: This prospectus relates to the resale of up to 12,621,951 shares of common stock by selling stockholders. |
39M | 21M |
| Aug 08, 2022 |
10-Q filing | 39.5M shares outstanding |
39M | 0 |
| Jul 13, 2022 |
8-K filing: Healthcare Triangle Inc. consummated a private placement of 3,930,000 shares of its common stock, a Pre-Funded Warrant to purchase up to 2,167,561 shares, and Preferred Investment Options to purchase up to 6,097,561 shares for gross proceeds of approximately $6,500,000. ($6.5M proceeds) |
36M | 0 |
| May 16, 2022 |
10-Q filing | 35.5M shares outstanding |
36M | 0 |
| Mar 08, 2022 |
10-K filing | 35.9M shares outstanding |
36M | 0 |
| Dec 14, 2021 |
8-K filing: On December 10, 2021, the company issued 334,872 shares of common stock to the Seller and 83,718 shares of common stock to the Retention Personnel, pursuant to Section 4(a)(2) of the Securities Act of 1933. |
29M | 0 |
| Nov 23, 2021 |
10-Q filing | 28.8M shares outstanding |
29M | 0 |
| Oct 19, 2021 |
8-K filing: Healthcare Triangle, Inc. completed an initial public offering of 3,262,500 shares of common stock at $4.00 per share, resulting in gross proceeds of $13,050,000. ($13.05M proceeds) |
N/A | 0 |
| Oct 08, 2021 |
S-1/A filing: This S-1/A filing registers (i) 3,833,334 shares of common stock to be issued and sold by the Company; (ii) 1,293,657 shares to be offered by selling stockholders; (iii) warrants to purchase up to eight percent (8.0%) of the number of shares of Common Stock excluding shares of Common Stock sold to cover over-allotments; and (iv) shares of Common Stock underlying the Underwriters' Warrants. |
N/A | 5.1M |
| Oct 07, 2021 |
S-1/A filing: This is an S-1/A filing for the registration of up to (i) 3,833,334 shares of common stock, (ii) 1,184,438 shares to be offered by selling stockholders (iii) warrants to be issued by the Company to the representative of the underwriters named in the Registration Statement and (iv) shares of Common Stock underlying the Underwriters' Warrants. |
N/A | 4.3M |
| Sep 30, 2021 |
S-1/A filing: This is an initial public offering of shares of common stock of Healthcare Triangle, Inc. We are offering 8,000,000 shares and selling stockholders are offering 1,184,438 shares. |
N/A | 10M |
| Sep 27, 2021 |
S-1/A filing: This S-1/A filing is for an initial public offering of common stock by Healthcare Triangle, Inc., with shares also being offered by selling stockholders, including shares issuable upon conversion of convertible notes and exercise of warrants. |
N/A | 10M |
| Sep 10, 2021 |
S-1/A filing: This is an S-1/A filing for an initial public offering of 8,000,000 shares of Healthcare Triangle, Inc. common stock with an assumed price of $5.00 per share. |
N/A | 8M |
| Aug 30, 2021 |
S-1 filing: This S-1 filing is for an initial public offering of 8,000,000 shares of Healthcare Triangle, Inc. common stock at an assumed price of $5.00 per share. |
N/A | 8.7M |