Health In Tech closes $7.0M PIPE financing, issues 5.6M shares at $1.25/share

Health In Tech, Inc.

Gross proceeds of $7.0M from private placement with institutional and accredited investors.
Issued 5.6M shares of common stock at $1.25 per share; Craig-Hallum acted as placement agent.
Proceeds to support sales expansion, technology development, new products, and working capital.
Company plans to file a resale registration statement for the newly issued shares.
CFO notes transaction introduces new long-term institutional investors to shareholder base.

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