Healthcare Triangle, which provides data science and AI-enabled healthcare information solutions, raised $13 million by offering 3.3 million shares at $4, the low end of the downwardly revised range of $4 to $5. The company originally planned to offer 8 million shares at $4.50 to $5.50, before adding insider selling in late September and then slashing the offering to 4.6 million shares at $4 to $5 earlier this month.
Healthcare Triangle offers a suite of software and services that allow healthcare and pharmaceutical organizations deliver personalized healthcare, precision medicine, advances in drug discover, and collaborative research and development. The company offers its proprietary software platforms, CloudEz and DataEz, as well other healthcare IT services primarily to life sciences, biotech, healthcare providers, and payers.
Healthcare Triangle plans to list on the Nasdaq under the symbol HCTI. EF Hutton acted as sole bookrunner on the deal.
