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 Tech
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Victory Capital Management Inc. increased its position in Macy’s, Inc. ( NYSE:M – Free Report ) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 410,710 shares of the company’s stock after purchasing an additional 15,401 shares during the quarter. Victory Capital Management Inc.’s holdings in Macy’s were worth $6,444,000 as of its most recent filing with the Securities & Exchange Commission. Other large investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Macy’s in the 1st quarter worth about $1,043,000. WINTON GROUP Ltd increased its stake in Macy’s by 96.4% during the 2nd quarter. WINTON GROUP Ltd now owns 106,636 shares of the company’s stock valued at $2,047,000 after buying an additional 52,337 shares during the period. US Bancorp DE increased its stake in Macy’s by 6.4% during the 1st quarter. US Bancorp DE now owns 21,669 shares of the company’s stock valued at $433,000 after buying an additional 1,306 shares during the period. International Assets Investment Management LLC increased its stake in Macy’s by 454.3% during the 3rd quarter. International Assets Investment Management LLC now owns 111,587 shares of the company’s stock valued at $1,751,000 after buying an additional 91,455 shares during the period. Finally, Alden Global Capital LLC increased its stake in Macy’s by 56.1% during the 2nd quarter. Alden Global Capital LLC now owns 606,741 shares of the company’s stock valued at $11,649,000 after buying an additional 218,146 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock. Analyst Upgrades and Downgrades Several research firms have commented on M. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 target price on shares of Macy’s in a research note on Wednesday, August 21st. StockNews.com began coverage on shares of Macy’s in a research note on Sunday, November 10th. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Argus raised shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.43. Macy’s Stock Performance Shares of M opened at $16.30 on Friday. The firm’s 50 day moving average is $15.45 and its 200-day moving average is $16.85. The stock has a market capitalization of $4.52 billion, a P/E ratio of 25.46 and a beta of 2.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. Macy’s, Inc. has a 12-month low of $14.06 and a 12-month high of $22.10. Macy’s ( NYSE:M – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.23. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Macy’s had a net margin of 0.80% and a return on equity of 23.14%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts anticipate that Macy’s, Inc. will post 2.7 EPS for the current fiscal year. Macy’s Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1737 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.26%. Macy’s’s dividend payout ratio is currently 107.81%. Macy’s Profile ( Free Report ) Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands. Further Reading Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy’s, Inc. ( NYSE:M – Free Report ). Receive News & Ratings for Macy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's and related companies with MarketBeat.com's FREE daily email newsletter .In conclusion, the movement of young Chinese players to Europe represents a tremendous opportunity for the development of Chinese football. By exposing young players to higher levels of competition, advanced footballing environments, and diverse cultural experiences, the benefits of such a move are clear. However, in order for the move to be successful and beneficial, the adaptation process is crucial. Through effective mentorship, support programs, and a nurturing environment, young Chinese players can thrive in Europe, improving their skills, expanding their horizons, and ultimately benefiting Chinese football as a whole. It is time for China to embrace this strategy and encourage its young players to take the leap towards European football.Connor Clark & Lunn Investment Management Ltd. increased its holdings in Beazer Homes USA, Inc. ( NYSE:BZH – Free Report ) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,981 shares of the construction company’s stock after buying an additional 6,841 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Beazer Homes USA were worth $4,510,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in BZH. Empowered Funds LLC boosted its position in Beazer Homes USA by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 162,217 shares of the construction company’s stock worth $5,543,000 after acquiring an additional 8,174 shares during the period. Metis Global Partners LLC acquired a new stake in Beazer Homes USA in the third quarter worth about $201,000. GHE LLC lifted its holdings in Beazer Homes USA by 10.9% in the third quarter. GHE LLC now owns 64,937 shares of the construction company’s stock worth $2,219,000 after purchasing an additional 6,371 shares during the period. Victory Capital Management Inc. grew its position in Beazer Homes USA by 711.4% in the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock valued at $7,704,000 after buying an additional 197,666 shares in the last quarter. Finally, Winslow Asset Management Inc. increased its stake in Beazer Homes USA by 0.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after buying an additional 1,717 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at Beazer Homes USA In other news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the sale, the chief financial officer now owns 131,004 shares in the company, valued at $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . 6.99% of the stock is owned by insiders. Beazer Homes USA Stock Up 3.3 % Beazer Homes USA ( NYSE:BZH – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same quarter in the previous year, the business posted $1.80 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts expect that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of analysts have recently weighed in on BZH shares. B. Riley reduced their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.67. Read Our Latest Research Report on BZH Beazer Homes USA Profile ( Free Report ) Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina. Featured Stories Want to see what other hedge funds are holding BZH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beazer Homes USA, Inc. ( NYSE:BZH – Free Report ). Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter .
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