Business
Health In Tech Announces Voluntary Extension of Lock-Up Period
Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced that its executive management team, vice presidents across functions, and Board of Directors have voluntarily agreed to extend the lock-up restrictions on all shares they hold for an additional six months beyond the original twelve-month lock-up established at the time of the Company's final prospectus issued in connection with its initial public offering on December 20, 2024.
About this update from Health In Tech, Inc.
[{"type":"text","content":"STUART, Fla., Dec. 2, 2025 /PRNewswire/ -- Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced that its executive management team, vice presidents across functions, and Board of Directors have voluntarily agreed to extend the lock-up restrictions on all shares they hold for an additional six months beyond the original twelve-month lock-up established at the time of the Company's final prospectus issued in connection with its initial public offering on December 20, 2024.","length":544,"tagName":"p"},{"type":"image","alt":"HIT logo (PRNewsfoto/Health In Tech)","displaySize":"","headline":null,"caption":"HIT logo (PRNewsfoto/Health In Tech)","className":"","disableSlideshowImg":false,"size":{"original":{"width":1280,"height":720,"url":"https://mma.prnewswire.com/media/1978505/HealthInTech_HIT_Primary_Color_Logo.jpg"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jleBLD3bDIFZz3cAVlx6Kg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://mma.prnewswire.com/media/1978505/HealthInTech_HIT_Primary_Color_Logo.jpg","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/EodbMl.vPLgns.PjzoW2yQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://mma.prnewswire.com/media/1978505/HealthInTech_HIT_Primary_Color_Logo.jpg","width":1200,"height":675}},"href":"https://mma.prnewswire.com/media/1978505/HealthInTech_HIT_Primary_Color_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under this voluntary extension, all shares held by Health In Tech's current executive officers and Board of Directors will remain restricted from sale or transfer until June 20, 2026.","length":187,"tagName":"p"},{"type":"text","content":""Our leadership team remains highly committed to the long-term growth of Health In Tech," said Tim Johnson, CEO of Health In Tech. "By choosing to extend their lock-up period, our executives are demonstrating confidence in the Company's outlook and our ongoing initiatives in technology, underwriting automation, and market expansion."","length":359,"tagName":"p"},{"type":"text","content":"Health In Tech completed its IPO in December 2024, raising gross proceeds of $9.2 million. The Company has since continued to invest in system enhancements, broaden its distribution netw...