---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-013356"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:53:46.067857+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marpai prices 7.4M share offering at $1.00 for ~$6.5M net proceeds, to repay Maestro Health debt

## Summary
- Public offering of 7,400,000 shares at $1.00/share; net proceeds ~$6.5M after underwriting discounts and expenses.
- At least 35% of net proceeds to repay debt from Maestro Health acquisition; remainder for general corporate purposes.
- Underwriters granted warrants to purchase 370,000 shares at $1.25/share (125% of offering price).
- ThinkEquity acting as sole book-running manager; offering expected to close on April 19, 2023.

## SEC filing metadata
- accession: 0000950170-23-013356
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017023013356/0000950170-23-013356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017023013356/mrai-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-013356
- JSON: https://secwatch.observer/filing/0000950170-23-013356.json
- Plain text: https://secwatch.observer/filing/0000950170-23-013356.txt

## Key facts
- Material Agreements
  Marpai, Inc. entered into Underwriting Agreement with ThinkEquity LLC valued at aggregate net proceeds of approximately $6.5 million (effective 2023-04-17).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: ThinkEquity LLC
  - Value: aggregate net proceeds of approximately $6.5 million
  - Effective: 2023-04-17
  source text: On April 17, 2023 (the “Effective Date”), Marpai, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC (“ThinkEquity”), as representative of the several underwriters listed on Schedule I thereto (the “Underwriters”), relating to the public offering (the “Offering”) of 7,400,000 shares (the “Shares”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), at a price to the public of $1.00 per Share (the “Offering Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017023013356/0000950170-23-013356-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.