04:19 PM EDT, 03/27/2026 (MT Newswires) -- Health In Tech ( HIT ) said Friday it closed a previously announced private investment in public equity financing that generated about $7 million in gross proceeds.

The AI-enabled insurtech platform company issued 5.6 million shares of common stock at $1.25 per share in the transaction.

The company plans to use the net proceeds to expand sales distribution, advance technology development, support new product initiatives, and fund general corporate and working capital needs.