Is HCTI doing a reversed

Yes, Healthcare Triangle (HCTI) is implementing a 1-for-249 reverse stock split effective August 1, 2025. This reverse stock split is part of HCTI's strategy to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will reduce the company's outstanding common shares from approximately 1.45 billion to 5.83 million.