Health In Tech Announces Closing of Initial Public Offering
Health In Tech has successfully completed its Initial Public Offering (IPO), selling 2,300,000 shares of Class A common stock at $4.00 per share, raising gross proceeds of $9,200,000. The company granted the underwriter a 30-day option to purchase an additional 345,000 shares, potentially increasing total gross proceeds to $10,580,000.
The net proceeds will be utilized for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and general corporate purposes. American Trust Investment Services acted as the sole book-running manager for the offering, which was conducted through a Form S-1 registration statement that became effective on December 19, 2024.
Health In Tech ha completato con successo la sua Offerta Pubblica Iniziale (IPO), vendendo 2.300.000 azioni di azioni comuni di Classe A a 4,00 $ per azione, raccogliendo proventi lordi di 9.200.000 $. La societ脿 ha concesso all'underwriter un'opzione di acquisto di ulteriori 345.000 azioni per 30 giorni, aumentando potenzialmente i proventi lordi complessivi a 10.580.000 $.
I proventi netti saranno utilizzati per miglioramenti del sistema, espansione dell'offerta di servizi, canali di vendita e distribuzione, sviluppo e retention dei talenti, capitale circolante e scopi aziendali generali. American Trust Investment Services ha agito come unico gestore della registrazione per l'offerta, la quale 猫 stata condotta attraverso una dichiarazione di registrazione Form S-1 diventata efficace il 19 dicembre 2024.
Health In Tech ha completado con 茅xito su Oferta P煤blica Inicial (IPO), vendiendo 2.300.000 acciones de acciones comunes Clase A a 4,00 $ por acci贸n, recaudando ingresos brutos de 9.200.000 $. La compa帽铆a otorg贸 al suscriptor una opci贸n de compra de 345.000 acciones adicionales durante 30 d铆as, lo que podr铆a aumentar los ingresos brutos totales a 10.580.000 $.
Los ingresos netos se utilizar谩n para mejoras del sistema, expansi贸n de la oferta de servicios, canales de ventas y distribuci贸n, desarrollo y retenci贸n de talento, capital de trabajo y fines corporativos generales. American Trust Investment Services actu贸 como el 煤nico gerente de libros para la oferta, que se llev贸 a cabo a trav茅s de una declaraci贸n de registro Form S-1 que entr贸 en vigor el 19 de diciembre de 2024.
Health In Tech電� 靹标车鞝侅溂搿� 齑堦赴 瓿惦(IPO)毳� 鞕勲頃橃榾鞙茧┌, 2,300,000欤�鞚� 韥措灅鞀� A 氤错喌欤茧ゼ 欤茧嫻 4.00 雼煬鞐� 韺愲Г頃橃棳 齑� 9,200,000 雼煬鞚� 靾橃澋鞚� 鞓牳鞀惦媹雼�. 鞚� 須岇偓電� 鞚胳垬鞛愳棎瓴� 於旉皜搿� 345,000欤�毳� 甑Г頃� 靾� 鞛堧姅 30鞚� 鞓奠厴鞚� 攵�鞐晿鞐� 齑� 靾橃澋鞚� 10,580,000 雼煬搿� 歃濌皜鞁滍偓 靾� 鞛堧姅 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
靾滌垬鞚奠潃 鞁滌姢韰� 臧滌劆, 靹滊箘鞀� 鞝滉车 頇曥灔, 韺愲Г 氚� 鞙犿喌 毂勲剱, 鞚胳灛 臧滊皽 氚� 鞙犾, 鞖挫榿 鞛愲掣, 鞚茧皹 旮办梾 氇╈爜鞙茧 靷毄霅� 鞓堨爼鞛呺媹雼�. American Trust Investment Services電� 2024雲� 12鞗� 19鞚检棎 須牓鞚� 氚滍湗頃� Form S-1 霌彪靹滊ゼ 韱淀暣 歆勴枆霅� 鞚� 瓿惦鞚� 鞙犾澕頃� 攵侂煱雼� 毵る媹鞝�搿� 頇滊彊頄堨姷雼堧嫟.
Health In Tech a r茅ussi 脿 finaliser son Offre Publique Initiale (IPO), en vendant 2.300.000 actions d'actions ordinaires de Classe A 脿 4,00 $ par action, levant ainsi des recettes brutes de 9.200.000 $. La soci茅t茅 a accord茅 脿 l'underwriter une option de 30 jours pour acheter 345.000 actions suppl茅mentaires, ce qui pourrait augmenter le montant total des recettes brutes 脿 10.580.000 $.
Les recettes nettes seront utilis茅es pour des am茅liorations syst猫me, l'expansion des offres de services, les canaux de vente et de distribution, le d茅veloppement et la r茅tention des talents, le fonds de roulement et des fins d'entreprise g茅n茅rales. American Trust Investment Services a agi en tant que seul gestionnaire de livre pour l'offre, qui a 茅t茅 r茅alis茅e par le biais d'une d茅claration d'enregistrement Form S-1 devenue effective le 19 d茅cembre 2024.
Health In Tech hat erfolgreich seinen B枚rsengang (IPO) abgeschlossen und 2.300.000 Aktien der Klasse A zum Preis von 4,00 $ pro Aktie verkauft, wodurch brutto 9.200.000 $ in Einnahmen erzielt wurden. Das Unternehmen hat dem Underwriter eine 30-t盲gige Option einger盲umt, zus盲tzliche 345.000 Aktien zu erwerben, wodurch die Gesamteinnahmen auf 10.580.000 $ steigen k枚nnten.
Die Nettoprovenienzen werden f眉r Systemverbesserungen, die Erweiterung des Dienstleistungsangebots, Vertriebs- und Vertriebskan盲le, Talententwicklung und -bindung, Betriebskapital und allgemeine Unternehmenszwecke verwendet. American Trust Investment Services fungierte als alleiniger Buchf眉hrungsmanager f眉r das Angebot, das durch eine Registrierungserkl盲rung der Form S-1 durchgef眉hrt wurde, die am 19. Dezember 2024 in Kraft trat.
- Successfully raised $9.2M in gross proceeds through IPO
- Potential for additional $1.38M through underwriter's option
- Clear allocation strategy for funds focusing on growth and expansion
- Potential dilution for existing shareholders
- IPO price set at relatively low $4.00 per share
Insights
Health In Tech's
The potential additional
For retail investors, this represents an entry point into the insurtech sector, though the small float size may lead to higher volatility. The company's AI-backed platform positions it in a growing market segment, but success will depend on executing its expansion plans with capital resources.
The emphasis on "third-party AI technology" in their platform indicates a strategic reliance on established AI solutions rather than proprietary development, which is both cost-effective and faster to market. The allocation of IPO proceeds towards system enhancements suggests a focus on technical infrastructure scaling.
The insurtech platform model, combining insurance services with AI capabilities, positions the company at the intersection of two high-growth sectors. However, the modest IPO size may limit the scope of technological advancement possible, particularly in an AI landscape where development costs can be substantial. The success of their technical strategy will largely depend on how efficiently they can leverage existing AI solutions while building distinctive platform features.
The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately
Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes.
American Trust Investment Services, Inc. acted as the sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024. This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street, Suite 300,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Health In Tech
Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at .
Forward-Looking Statements Regarding Health In Tech
Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the
Investor Contact
Investor Relations:
ir@healthintech.com
View original content to download multimedia:
SOURCE Health In Tech
FAQ
How much did Health In Tech (HIT) raise in its December 2024 IPO?
What is the additional amount HIT could raise through the underwriter's option?
How will Health In Tech use the IPO proceeds?
When did HIT's IPO registration statement become effective?
Who was the underwriter for Health In Tech's IPO?
