Business
Healthcare Triangle, Inc. Announces Approval of $2 Million Share Repurchase Plan
PLEASANTON, Calif., March 11, 2026 /PRNewswire/ -- Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a leader in digital transformation
About this update from Healthcare Triangle, Inc.
[{"type":"text","content":"PLEASANTON, Calif., March 11, 2026 /PRNewswire/ -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (\"HCTI\" or the \"Company\"), a leader in digital transformation solutions including managed services, cloud enablement, and data analytics for the healthcare and life sciences industries, today announces that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $2,000,000 of its outstanding common stock (\"2026 Share Repurchase Plan\"). The 2026 Share Repurchase Plan was approved by the Company's Board of Directors on March 9, 2026, and became effective immediately.\nUnder the newly authorized plan, the Company may repurchase shares of its common stock from time to time through open market transactions, privately negotiated transactions, or other means in accordance with applicable securities laws and regulations. Repurchases may be conducted pursuant to Rule 10b-18 under the Securities Exchange Act of 1934, as well as under Rule 10b5-1 trading plans that may be adopted by the Company. The timing, volume, and nature of repurchases will be determined by management at its discretion based on market conditions, the trading price of the Company's common stock, corporate liquidity requirements, applicable legal requirements, and other factors.The repurchase program authorizes purchases of up to an aggregate of $2,000,000 of the Company's common stock. The program does not obligate the Company to acquire any particular amount of shares, and the program may be suspended, modified, or discontinued at any time at the Company's discretion. Any shares repurchased under the program may be held as treasury stock or retired, as determined by the Company.\"The approval of this share repurchase program reflects the Board's commitment to prudent capital allocation and its confidence in the Company's long-term strategy,\" said David Ayanoglou, Chief Financial Officer of Healthcare Triangle, Inc. \"The program provides the Company with flexibility to opportunistically repurchase shares while continuing to support our operational and strategic priorities.\"The Board also authorized the Company's officers to take all necessary actions to implement the plan, including engaging qualified brokers and making required filings with the Securities and Exchange Commission. The Company may fund repurchases under ...