Healthcare Triangle, Inc. (HCTI) stock skyrocketed over 100% on Monday
following the company’s announcement of a strategic acquisition. The move sent shockwaves through the market, leaving investors scrambling for information.
The catalyst for this dramatic surge was Healthcare Triangle’s acquisition of the cloud and technology assets of SecureKloud Technologies, Inc.
This acquisition was made possible through an Asset Transfer Agreement, where Healthcare Triangle issued a significant amount of its Series B Preferred Stock to SecureKloud. The exact amount? A staggering 1.6 million shares.
The value of these acquired assets is estimated at a hefty $7.20 million.
This valuation is based on a share price of $4.50 for the Series B Preferred Stock, which can be converted into ten common shares of Healthcare Triangle at the discretion of the shareholder.
This move by Healthcare Triangle has sparked significant interest from investors.
The company’s trading volume on Monday saw an unprecedented spike, reaching 123.76 million shares – a stark contrast to its average volume over the past 100 days, which stood at 648.95 thousand shares.
So, how can investors get their hands on shares of Healthcare Triangle?
Beyond the traditional route of purchasing shares through a brokerage platform, investors can explore other options:*
Exchange Traded Funds (ETFs):
ETFs that track the healthcare sector are likely to hold shares of Healthcare Triangle, allowing investors to gain exposure to the company indirectly.*
401(k) Strategies:
Investors can allocate portions of their 401(k) to strategies that seek to acquire shares in mutual funds or other instruments, potentially including Healthcare Triangle.
