Health In Tech, Inc. announced the closing of a $7.0 million private placement, issuing 5,600,000 shares of common stock at $1.25 per share. The proceeds are intended to support sales expansion, technology and product development, and general corporate purposes.
Key takeaways
Closed a private investment in public equity (PIPE) financing on March 27, 2026.
Raised gross proceeds of approximately $7.0 million before fees and expenses.
Issued 5,600,000 shares of common stock at a price of $1.25 per share.
Craig-Hallum Capital Group LLC acted as the sole placement agent.
Intends to use net proceeds for sales distribution expansion, technology development, product development, and general corporate purposes.
Entered into a registration rights agreement to file a resale registration statement for the shares.