---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-070583"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:06:02.667131+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marpai sells consumer directed benefits assets to Payflex for $1M+; issues $295k stock to CEO affiliate

## Summary
- Sold consumer directed benefits assets to Payflex for $1M cash plus assumed liabilities; up to $2M total with contingent payments.
- Issued 150,000 shares of Class A common stock to HillCour Investment Fund (controlled by CEO Damien Lamendola) at $1.97/share.
- Both transactions closed on December 14, 2023.
- Equity sale is related-party and exempt from registration under Section 4(a)(2) and Rule 506(b).

## SEC filing metadata
- accession: 0000950170-23-070583
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017023070583/0000950170-23-070583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017023070583/mrai-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-070583
- JSON: https://secwatch.observer/filing/0000950170-23-070583.json
- Plain text: https://secwatch.observer/filing/0000950170-23-070583.txt

## Key facts
- Material Agreements
  Marpai, Inc. entered into Securities Purchase Agreement with HillCour Investment Fund, LLC valued at 150,000 shares of Class A common stock at $1.97 per share (effective 2023-12-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: HillCour Investment Fund, LLC
  - Value: 150,000 shares of Class A common stock at $1.97 per share
  - Effective: 2023-12-14
  source text: On December 14, 2023, Marpai Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with HillCour Investment Fund, LLC, an entity controlled by the Company’s Chief Executive Officer, Damien Lamendola, pursuant to which the Company agreed to issue and sell 150,000 shares of its Class A common stock (the “Common Stock”) in a private placement, at a purchase price of $1.97 per share (or the consolidated closing bid price of the Company’s Common Stock on Nasdaq as of December 14, 2023).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017023070583/0000950170-23-070583-index.htm

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