HIT · Health In Tech, Inc.

Summary

Health In Tech, Inc. entered into a securities purchase agreement on March 25, 2026, for a PIPE financing involving 5,600,000 shares of common stock at $1.25 per share, expected to yield $7.0 million in gross proceeds before fees. The net proceeds will fund sales expansion, technology and product development, and working capital, with closing anticipated on or about March 27, 2026.

Key takeaways

• Entered Securities Purchase Agreement with accredited investors for 5,600,000 shares of common stock
• Gross proceeds of approximately $7.0 million before placement agent fees and expenses
• Per share purchase price of $1.25
• Placement agent: Craig-Hallum Capital Group LLC with 6.0% cash fee plus 1.0% for institutional investors
• Expected closing on or about March 27, 2026, subject to customary conditions
• Required to file resale registration statement within 30 days of Registration Rights Agreement