Healthcare Triangle (HCTI) Collapses Within A Month: It Announces The Price Of Its Initial Public Offering

Over the month, the price constantly has been declining from $4.1900, and for today it dropped by over 15%. Yesterday, the company announced its initial public offering pricing of $13.0 Million; however, after announcing the news, the price remains the same. Specifically, the pricing of its initial public offering of 3,262,500 shares of common stock at a public offering price of $4.00 per share.

On October 13, 2021, the common stock will begin trading on the Nasdaq Capital Market under the ticker symbol “HCTI”. Moreover, the offering is projected to conclude on or around October 15, 2021, which is subject to the satisfaction of customary closing conditions. The net proceeds from the initial public offering will be used for operating capital, general corporate purposes, etc.

April Sanchez

Business and Tech Reporter