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STUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately US$10,580,000 in gross proceeds from the Offering Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-announces-closing-of-initial-public-offering-302338923.html SOURCE Health In TechParachinar's Enduring Struggle: A Call For Peace, Justice, And AccountabilityUS President-elect Donald Trump announced Tuesday his intention to nominate Gail Slater as Assistant Attorney General for the Department of Justice's Antitrust Division, signaling continued scrutiny of major technology companies. "Big Tech has run wild for years, stifling competition in our most innovative sector," Trump said in a social media post announcing the nomination. The move suggested his administration would largely maintain the aggressive antitrust stance adopted under President Joe Biden. Slater previously served at the Federal Trade Commission and Trump's National Economic Council before working as an advisor to Vice President-elect J.D. Vance. Her private sector experience includes positions at Fox Media, Roku, and the Internet Association, a Washington lobbying group representing major internet companies. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The Justice Department currently shares five pending cases with the Federal Trade Commission, whose chairwoman Lina Khan has faced criticism from Silicon Valley over what some view as overly aggressive blocking of tech company acquisitions. Vice President-elect Vance, who has worked in Silicon Valley, has expressed support for Khan, particularly her efforts to address concerns about monopolization and censorship in big tech. The incoming Trump administration could pursue multiple paths with these cases -- including those targeting Amazon, Apple and Meta -- from continuing litigation to seeking settlements or dropping them entirely. Trump indicated the division would pursue "vigorous and fair" enforcement while maintaining rules that support corporate innovation. "I wouldn't expect any Trump DOJ antitrust head to drop their big tech antitrust cases, but there could be changes in strategy," said Adam Kovacevich, chief executive of industry trade group Chamber of Progress, who worked with Slater at the Internet Association. Antitrust expert Matt Stoller, a harsh critic of tech giants, viewed the nomination as "a very powerful statement that Trump wants to take on big tech." The DOJ's antitrust division, currently led by Jonathan Kanter, recently won a major case against Google. To resolve that case, the department is now seeking to force Google to divest its market-dominating Chrome internet browser, with a federal judge expected to rule on the matter in the coming months.
Narita International Airport now has a zero tolerance policy for abusive passengers. Other businesses are also reporting a rise in threats to employees. Is famously polite Japan becoming less tolerant? Tired of the angry outbursts, shouted threats and even incidents of violence, the operator of Narita International Airport has become the first in Japan to implement a zero-tolerance policy against harassment of its staff. The airport is not alone in acting to protect its employees, with the Tokyo Metropolitan Government passing a local ordinance on October 4 designed to protect people working in the service sector from abuse, threats and unreasonable demands as such cases become more commonplace. The management of Narita Airport, which serves Tokyo, said it had been obliged to act due to an increase in confrontations between passengers and staff. The new policy defines harassment as any act that "harms the working environment of airport staff physically or psychologically" and includes insulting employees, yelling, verbal abuse, discrimination and defamation. Staff shocked at incidents A new ground handler at another major Japanese airport was taken aback by how often travellers lose their temper. "It happened to me again last week," said the woman, who declined to be identified as she did not have the permission of her employer to speak publicly. "A passenger's suitcase was over the weight limit and he became enraged that we would not allow him to check it in." "He was shouting, banging on the desk with his fist and kicking the case," she told DW. "This went on for about 15 minutes but we did not back down, so in the end he had to pay the excess baggage fee. It was not all that much and I do not understand why he became so aggressive." She noted that some ground staff give in to threats, which may encourage others to do the same. In June, the 1.8 million-strong UA Zensen Union published the results of a survey that indicated that 46.8% of workers in Japan's service industry had been the target of customers in the previous two years. Some had been so traumatized by the experience, the report said, that they had required counselling. "Japan has such high standards of polite service, but with that comes similarly expected norms for customers," said Roy Larke, senior lecturer in marketing at the University of Waikoto, New Zealand, and an expert on retailing and consumer behavior in Japan. "When these expectations break down, even if only in a few well reported cases, it will be quite shocking for many," he told DW. Cafe in Japan aims to include people with dementia To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Educating the customer "In the same way that e-commerce firms are now attempting to educate the customer to accept slower deliveries and how some supermarkets companies are introducing chairs for cashiers for the first time," said Larke, adding that there may be a need for "lower expectations from customers when shopping." "I would hypothesise that the combination of increased pressure is the main factor behind increased customer frustration," Larke said. Regardless of the cause, more companies are taking precautions. The nation's two largest air carriers, All Nippon Airways and Japan Airlines, in July unveiled new guidelines on passengers' behaviour, identifying abusive and aggressive language as unacceptable, along with threats, physical assaults of staff, unreasonable demands and sexual harassment. Technology developer Softbank Corp has developed a voice-altering phone technology that employs artificial intelligence and makes a furious caller sound calm to the company employee listing to a complaint. Supermarket chain Ito-Yokado Co has created a manual for dealing with difficult customers and introduced training on reporting violent behavior to the police and maneuvering threatening individuals into positions where they are recorded on CCTV. Manga, myths & homeopathy — Arts Unveiled To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Training of store staff Similarly, 24-hour convenience stores are training staff on how to respond to abusive customers and many outlets have introduced signs warning that misbehavior will not be tolerated and that the premises are monitored by security cameras. Morinosuke Kawaguchi, a technology analyst and consultant who was previously a lecturer at the Tokyo Institute of Technology, says Japanese society has become something of a minefield of potential harassment pitfalls as more people grasp what constitutes harassment and are willing to report incidents. "Japan is an extremely polite nation and society, but all the cases we hear about make it appear that we are becoming impolite," he told DW. "I think a big part of the problem is that everything is now being recorded on mobile phones so we are just seeing more cases." "This sort of behavior used to be the sort of thing young street thugs did, but virtually no one saw it happening," he added. "Now we have social media, it has become a big issue. I do not believe that Japan, as a society, really has become more impolite or aggressive." Edited by: Keith Walker
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