Healthcare Triangle, Inc. to Distribute Minority Interest of Teyame AI Holdings Inc. Common Shares in Stock Dividend Distribution to HCTI Shareholders, In Connection with its Planned Direct Listing.
Healthcare Triangle, Inc. to Distribute Minority Interest of Teyame AI Holdings Inc. Common Shares in Stock Dividend Distribution to HCTI Shareholders, In Connection with its Planned Direct Listing.
PR Newswire
PLEASANTON, Calif., Sept. 3, 2026
Board of Directors Approves Stock Dividend Distribution of a Minority Interest of Outstanding Common Shares of Teyame AI Holdings Inc. Common Stock to Existing HCTI Shareholders; HCTI Signs Agreement in Connection with Planned Direct Listing of Teyame AI Holdings Inc. Transaction Subject to NASDAQ Approval
PLEASANTON, Calif., Sept. 3, 2026 /PRNewswire/ -- Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a healthcare technology company delivering cloud, digital transformation, and data-driven solutions to healthcare and life sciences organizations, including AI-powered customer engagement services delivering AI-powered customer engagement and digital transformation services, today announced that it has signed a separation agreement (the "Separation Agreement") with its subsidiary Teyame AI Holdings Inc. ("Teyame AI Holdings") setting forth the terms governing the planned separation (the "Separation") of Teyame AI Holdings from HCTI. The Separation Agreement addresses, among other matters, the allocation of assets and liabilities between HCTI and Teyame AI Holdings, transition services to be provided between the companies, and other terms customary for a transaction of this type. In connection with the Separation, the Company has planned a direct listing of Teyame AI Holding's common stock on NASDAQ (the "Direct Listing"). Teyame AI Holdings holds HCTI's recently acquired AI-powered customer experience businesses, Teyame 360 S.L. and Datono Mediación S.L. (together, "Teyame AI"), which HCTI acquired pursuant to a definitive share purchase agreement dated January 22, 2026.
Completion of the Direct Listing is subject to, among other things, review by the U.S. Securities and Exchange Commission ("SEC") of a registration statement to be filed by Teyame AI Holdings and the approval by NASDAQ of the Direct Listing.
In connection with the planned separation, HCTI's Board of Directors (the "Board") has approved a stock dividend pursuant to which HCTI will distribute a Minority Interest of the outstanding shares of Teyame AI Holdings common stock to holders of HCTI common stock as of the record date to be prescribed in future filings (the "Record Date") upon the approval by NASDAQ of the Direct Listing.
THIS PRESS RELEASE IS NOT AN OFFER OF ANY SECURITIES FOR SALE.
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SOURCE Healthcare Triangle, Inc.
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