Healthcare Triangle Said On June 23 Got Notice Of Default From Seacoast Business Funding With Respect To Deal Between Co, Seacoast Dated May 2 2022; As Of June 29, No Action Has Been Taken By Seacoast; Healthcare Triangle Is Attempting To Resolve Matter
Portfolio Pulse from Charles Gross
Healthcare Triangle (HCTI) received a notice of default from Seacoast Business Funding regarding a deal dated May 2, 2022. As of June 29, Seacoast has not taken any action. HCTI is attempting to resolve the matter.
June 29, 2023 | 9:13 pm
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HCTI received a notice of default from Seacoast Business Funding. No action has been taken by Seacoast as of June 29. HCTI is trying to resolve the issue.
The notice of default received by HCTI from Seacoast Business Funding indicates a potential breach of contract or failure to meet obligations. This could negatively impact HCTI's financial stability and reputation, potentially leading to a decrease in its stock price in the short term.
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