Health In Tech Announces IPO Completion

Health In Tech, an Insurtech platform company supported by third-party AI technology, has successfully completed its initial public offering (IPO) of 2,300,000 shares of Class A common stock. The shares were priced at $4.00 each, generating gross proceeds of $9,200,000 before underwriting discounts and other expenses.

In addition, the Company granted the underwriter an option to purchase up to 345,000 additional shares within 30 days of the final prospectus at the same initial public offering price. If fully exercised, this could raise total gross proceeds to approximately $10,580,000.

The proceeds from the offering will be utilized by Health In Tech for system enhancements, broadening service offerings, improving sales and distribution channels, talent development and retention, working capital, and various general corporate purposes.

American Trust Investment Services, Inc. acted as the sole book-running manager for this offering.

A registration statement on Form S-1 (File No. 333-281853) concerning these shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024. The offering was made solely through a prospectus that forms part of the effective registration statement. Copies of the prospectus can be requested from American Trust Investment Services, Inc., located at 230 W. Monroe Street, Suite 300, Chicago, IL 60606, or via email at ECM@amtruinvest.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of such jurisdiction.