Healthcare Triangle, Inc. (HCTI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 15, 2026

Risk Assessment Details

Potential Dilution: 2447.62% of current shares
Recent Dilution: 1508.61% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2M
Potential Supply
48M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

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

Outstanding Shares
Total Supply

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
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