Healthcare Triangle, Inc. Announces Approval of $2 Million Share Repurchase Plan

Core Viewpoint - Healthcare Triangle, Inc. has announced a $2 million share repurchase program, reflecting the Board's commitment to prudent capital allocation and confidence in the Company's long-term strategy [1]. Group 1: Share Repurchase Program - The Board of Directors approved the 2026 Share Repurchase Plan on March 9, 2026, allowing the Company to repurchase up to $2,000,000 of its outstanding common stock [1]. - The repurchase may occur through open market transactions, privately negotiated transactions, or other means, in compliance with applicable securities laws [1]. - The timing, volume, and nature of repurchases will be determined by management based on market conditions and other factors [1]. Group 2: Implementation and Funding - The program does not obligate the Company to acquire a specific amount of shares and may be suspended, modified, or discontinued at the Company's discretion [1]. - The Company may fund repurchases using available cash and cash equivalents or other sources of liquidity [1]. - The Board authorized Company officers to take necessary actions to implement the plan, including engaging brokers and making required filings [1]. Group 3: Company Overview - Healthcare Triangle, Inc. specializes in digital transformation solutions for the healthcare and life sciences industries, including managed services, cloud enablement, and data analytics [1]. - The Company supports healthcare organizations in improving health outcomes through better utilization of data and information technologies [1]. - Healthcare Triangle has achieved HITRUST Certification for its Cloud and Data Platform, demonstrating high standards for data protection and information security [1].