Why Did Healthcare Triangle Plunge 27.45%? Reverse Split Announced

On July 30, 2025, Healthcare Triangle's stock experienced a significant drop of 27.45% in pre-market trading, marking a notable decline in its share price.

Healthcare Triangle, Inc. has announced a 1-for-249 reverse stock split, which will reduce the company's outstanding common shares from approximately 1.45 billion to 5.83 million. This move is part of the company's plan to comply with Nasdaq's listing requirements, which mandate a minimum bid price for listed securities. The reverse split is set to take effect at 12:01 a.m. Eastern Time on August 1, 2025, and the company's common stock will continue to trade on the Nasdaq Capital Market under the existing trading symbol "HCTI" with a new CUSIP number.

The reverse stock split is a strategic decision aimed at increasing the stock price per share, which could potentially attract more investors and improve the company's financial standing. This move is expected to have a positive impact on the company's market perception and could lead to increased investor confidence in the long run.