Financing ·
Health In Tech raises $2.85M via second convertible note closing under SEPA
HITHealth In Tech, Inc.
Health In Tech consummated the Second Pre-Paid Advance Closing of its Standby Equity Purchase Agreement, issuing a promissory note with an aggregate principal amount of $3.0 million to YA II PN, Ltd. The transaction generated gross proceeds of $2.85 million after applying a 5% purchase price discount. These notes mature on February 18, 2028, bear interest at 8.75% per annum, and are convertible into Class A Common Stock at a fixed price of $1.5735 per share. This issuance brings the total principal under the SEPA to $10.0 million when combined with a prior $7.0 million note issued in August 2026. The company operates in the health technology sector, providing digital health solutions and services.