Health in Tech issues $3 million convertible note to YA II PN
- Health in Tech issued a $3 million Promissory Note to YA II PN on November 2, 2026, under its standby equity financing.
- The second advance generated $2.85 million in gross proceeds, reflecting a 5% purchase price discount.
- The Promissory Notes mature February 18, 2028, bearing 8.75% annual interest, rising to 18% upon certain defaults.
- Scheduled installments include a 4% payment premium, waived when payments use net proceeds from stock sales under the financing agreement.
- Conversion is set at $1.5735 per share, subject to adjustments, a $0.204 floor, a 4.99% ownership limit and a 13,100,378-share exchange cap.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Health in Tech Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-116926), on November 06, 2026, and is solely responsible for the information contained therein.