Health In Tech (HIT) Registration filing summary

Company overview and business model

• AI-enabled insurance technology marketplace for stop-loss coverage and self-funded health plans; integrates underwriting, sales and servicing for carriers, brokers, MGUs and TPAs.

• Digital medical underwriting can produce bindable quotes in about two minutes; brokers can customize benefits plans, vendors, claims and network services.

• Incorporated in Nevada in November 2021; headquartered in Stuart, Florida, with remote team members across the U.S.

Use of proceeds and capital allocation

• Resales by Yorkville are for its own account; no proceeds go to the issuer from those resales. Up to $20.0 million gross may be received from issuer-elected SEPA share sales.

• While Convertible Notes remain outstanding, proceeds from SEPA Advances are directed solely to repayment, unless Yorkville agrees otherwise; thereafter expected uses include sales and distribution expansion, product and technology development, operations and working capital.

• Management has broad discretion over any net proceeds; the issuer paid a $25,000 structuring fee and owes a $200,000 commitment fee, half paid and half due by the SEPA’s six-month anniversary.

Risk factors and disclosures

• Issuances and resales could dilute existing holders, depress the share price, increase volatility and make future equity financing more difficult; the registered shares could represent 39.0% of total shares and 62.3% of non-affiliate shares, based on October 6, 2026 figures.

• Actual issuance volume is uncertain and depends on market prices and issuer elections; purchasers at different times may pay different prices and experience differing dilution.

• Forward-looking results face risks from funding needs, product development, customer and employee retention, competition, cybersecurity, third-party AI, regulatory compliance and intellectual property protection.

• Default can raise note interest from 8.75% to 18%; payment failures and other uncured defaults can enable conversion or cash repayment remedies for Yorkville.

• SEPA issuances are subject to a 13,100,378-share Nasdaq Exchange Cap and a 4.99% beneficial ownership limit; stockholder approval is being sought to exceed the Exchange Cap at the meeting expected on or about November 10, 2026.