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Health In Tech Announces Closing of $7.0 Million Private Placement
Health In Tech raised $7 million through a private placement of 5.6 million shares to support technology development and expand sales, the company said.
- On Friday, Health In Tech, Inc. closed a private investment in public equity financing, raising approximately $7.0 million in gross proceeds.
- Craig-Hallum Capital Group LLC served as sole placement agent for the transaction, which involved issuing 5,600,000 shares of common stock at $1.25 per share.
- Capital from the PIPE will support key technology initiatives, with Chief Executive Officer Tim Johnson stating, "This financing strengthens our ability to accelerate the next phase of our platform development."
- New long-term institutional investors joined the shareholder base, according to Chief Financial Officer Julia Qian, who said the move will "enhance market visibility and support our broader capital markets strategy."
- Pursuant to a registration rights agreement, the Company agreed to file a resale registration statement with the Securities and Exchange Commission; Loeb & Loeb LLP served as legal counsel.
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Health In Tech Announces Closing of $7.0 Million Private Placement
STUART, Fla., March 27, 2026 /PRNewswire/ -- Health In Tech, Inc. (Nasdaq: HIT) ("Health In Tech" or the "Company"), an AI-enabled InsurTech platform company, today announced the closing of its previously announced private investment in public equity financing (the "PIPE"),…
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Leaning Left1Leaning Right3Center11Last UpdatedBias Distribution73% Center
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R 20%
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