secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0000950170-23-030533
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai announces 1-for-4 reverse stock split to regain Nasdaq compliance, effective June 29, 2023
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- Reverse split ratio 1:4; trading begins on split-adjusted basis June 29, 2023 under new CUSIP 571354208.
- Authorized shares unchanged at 227,791,050; outstanding reduced from ~29.0M to ~7.25M shares.
- No fractional shares issued; any fractional interest results in one additional whole share.
- Proportionate adjustments to exercise prices and share counts of options, warrants, convertible securities.
- Purpose is to increase stock price to meet Nasdaq's $1.00 minimum bid price continued listing requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023030533/0000950170-23-030533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023030533/mrai-20230627.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-030533

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