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SecureKloud Technologies’ arm completes $6.5 million private placement

15 Jul 2022 Evaluate

SecureKloud Technologies’ step-down subsidiary -- Healthcare Triangle Inc., USA has completed its previously announced private placement with a single institutional investor for the issuance and sale of 6,097,561 shares of common stock (or pre-funded warrant in lieu thereof). The company has also issued to the Investor unregistered preferred investment options (the Preferred Investment Option) to purchase up to an aggregate of 6,097,561 shares of common stock

The purchase price for one share of common stock (or pre-funded warrant) and one Preferred Investment Option to purchase one share of common stock was $1.066. The Preferred Investment Options have an exercise price of $1.066 per share, will become exercisable six months following the issuance date, and have a term equal to five years following the issuance date.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds from the private placement were approximately $6.5 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the private placement for the working capital and other general corporate purposes.

SecureKloud is a cloud native company with a combination of products, frameworks and services, designed to solve problems around Blockchain, Cloud, Enterprise Security, Decision Engineering and Managed Services.

Securekloud Tech. Share Price

25.12 0.08 (0.32%)
17-Apr-2026 16:59 View Price Chart
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