Healthcare Triangle, Inc. (HCTI) stock surged over 100% on Monday after the company announced the acquisition of cloud and technology assets from SecureKloud Technologies, Inc. The acquisition was facilitated through an asset transfer agreement, with Healthcare Triangle issuing 1.6 million shares of its Series B Preferred Stock to SecureKloud in exchange. The deal values the acquired assets at approximately $7.20 million, based on a share price of $4.50 for the Series B Preferred Stock.