Healthcare Triangle, Inc. (HCTI) announced on July 29, 2025, a 1-for-249 reverse stock split of its common stock. This action is being undertaken as part of the company's plan to regain compliance with Nasdaq's minimum bid price requirement.
The reverse stock split will reduce the number of outstanding shares of HCTI common stock, thereby increasing the per-share trading price. This is a common strategy for companies seeking to meet exchange listing standards.
While intended to ensure continued listing on Nasdaq, reverse stock splits can sometimes be perceived with caution by the market. The company aims to maintain its listing to provide liquidity and visibility for its shareholders.
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