Healthcare Triangle announces 1-for-60 reverse stock split

Core Viewpoint - Healthcare Triangle (HCTI) will implement a 1-for-60 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price requirement of $1.00 [1] Group 1: Reverse Stock Split Details - The reverse stock split will take effect at 12:01 a.m. Eastern Time on February 10, 2026 [1] - HCTI's common stock will begin trading on a post-split basis on the Nasdaq Capital Market on the same date [1] - The reverse stock split was approved by stockholders during a special meeting held on February 2, 2026 [1] Group 2: Strategic Implications - The company anticipates that the reverse stock split will help increase the price per share of its common stock [1] - This action is part of HCTI's broader strategy to regain compliance with Nasdaq's listing requirements [1]