secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0000950170-23-070583
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023070583/0000950170-23-070583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023070583/mrai-20231214.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-070583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer