Health In Tech Inc. (NASDAQ: HIT) announced it entered into a securities purchase agreement for a private investment in public equity financing expected to generate gross proceeds of approximately $7 million before deducting placement agent fees and offering expenses.

The company will issue 5.6 million shares of Class A common stock at $1.25 per share. The transaction is expected to close on or about March 27, 2026, subject to customary closing conditions.

Craig-Hallum Capital Group LLC served as the sole placement agent for the private placement.

Health In Tech stated it intends to use the net proceeds to expand sales distribution, advance technology development, support new product development, and for general corporate purposes and working capital.

The securities are being offered under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under the Securities Act. The company has agreed to file a resale registration statement with the Securities and Exchange Commission for the shares.

Health In Tech operates as an AI-enabled InsurTech platform company that provides a marketplace for health insurance industry processes through vertical integration, process simplification, and automation. The platform serves brokers, third-party administrators, managing general underwriters and carriers to access self-funded health insurance for employers.