Healthcare Integrated Technologies Inc. Successfully Raises $10 million in Friends & Family Funding
Rhea-AI Summary
Healthcare Integrated Technologies (OTC PINK: HITC) has successfully raised $10 million through a Friends & Family funding round. The capital raise is part of the company's strategic growth initiatives and efforts to meet the listing requirements for the NYSE American stock exchange.
The company is working towards meeting the Board's Standard 3 requirement, including achieving a minimum $2.00 per share stock price. CEO Scott Boruff emphasized that an uplisting would enhance shareholder value by increasing visibility, improving liquidity, and expanding access to capital markets through institutional investors.
Positive
- Successfully raised $10 million in capital
- Progress towards NYSE American uplisting requirements
- Potential for improved stock liquidity and institutional investor access
Negative
- Currently trading below $2.00 minimum share price requirement
- No guarantee of successful NYSE American uplisting
News Market Reaction
On the day this news was published, HITC gained 23.45%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Knoxville, TN, March 14, 2025 (GLOBE NEWSWIRE) -- Healthcare Integrated Technologies Inc. (OTC PINK: HITC), a global leader in AI-driven safety and monitoring solutions, proudly announces the successful completion of a
The capital raise strengthens the Company’s financial position and supports its ongoing expansion efforts. The Company has been diligently working towards meeting the requirements for an uplisting to the NYSE American, including the minimum
Mr. Scott Boruff, CEO of Healthcare Integrated Technologies Inc. stated: “This funding is a significant step forward as we continue to execute on our growth strategy and work toward a potential uplisting to the NYSE American. An uplisting would enhance shareholder value by increasing visibility, improving liquidity and expanding access to the capital markets via institutional investors.”
The Company will continue providing updates as it progresses toward meeting all necessary requirements for an NYSE American listing.
About Healthcare Integrated Technologies Inc.
Healthcare Integrated Technologies Inc. is a publicly traded, fully reporting audited company specializing in ambient AI technology solutions, dedicated to enhancing safety and security across various sectors, including healthcare, education, transportation, manufacturing, incarceration, and commercial industries. The Company’s mission is to help save lives worldwide by developing advanced AI technologies designed to enhance situational awareness and mitigate risks in critical environments. The Company is currently marketing five products and solutions, including its initial product, SafeSpace® Fall Monitoring, which utilizes advanced AI monitoring tools to enhance resident safety in senior living, reduce the risk of injuries, and improve overall care efficiency. Additionally, the Company has expanded its services and offerings beyond senior living facilities, into schools and transportation where its has recently launched several innovative solutions.
For more information, visit www.gethitc.com or contact HITC’s media team at contact@gethitc.com.
Media Contact:
Justin Freishtat
Healthcare Integrated Technologies Inc.
Email: justin.freishtat@gethitc.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are subject to uncertainty and may not come to fruition. Readers are cautioned not to place undue reliance on any forward-looking statement including statements that list numbers and dates.
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FAQ
How much capital did Healthcare Integrated Technologies (HITC) raise in its recent funding round?
What is the minimum share price requirement for HITC's NYSE American uplisting?
What are the benefits of HITC's potential NYSE American uplisting?
When did Healthcare Integrated Technologies (HITC) announce its $10 million capital raise?
