Healthcare Triangle, Inc. (HCTI) announced that its stockholders have approved all proposals presented at a special meeting on October 23, 2026. The most significant approval grants the Board of Directors the authority to enact a reverse stock split of the company's common stock.
Key Details
- Reverse Stock Split: Stockholders authorized one or more reverse stock splits at a ratio ranging from 1:2 to 1:25, with the exact ratio to be determined by the Board of Directors. The aggregate ratio cannot exceed 1:25.
- Additional Approvals: Shareholders also approved a potential future issuance of stock under Nasdaq Listing Rule 5635(d) and an amendment to the 2020 Stock Incentive Plan.
- Meeting Details: The proposals were approved at the special meeting held on October 23, 2026, with approximately 53.69% of outstanding shares represented.