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Healthcare Triangle Closes Private Placement of Original Issue Discount Senior Convertible Promissory Notes

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Healthcare Triangle (HCTI) said Friday it closed the private placement of its 15% original issue discount senior convertible promissory notes of $4.235 million, for gross proceeds of about $3.6 million.

Net proceeds will be used to repay debt, for potential strategic acquisitions and general working capital purposes, the company said.

Price: $2.44, Change: $+0.01, Percent Change: +0.41%

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