secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000950170-23-013356
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023013356/0000950170-23-013356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023013356/mrai-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-013356

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