Marpai raises ~$1.22M via insider private placement of 1.32M shares at $0.9201/sh

Marpai, Inc.

Sold 1,322,100 shares of Class A common stock at $0.9201 per share to insiders, including CEO's entity, Chairman, and a director.
Total proceeds of approximately $1.22 million; shares unregistered under Section 4(a)(2) and Rule 506(b).
Purchasers: HillCour Investment Fund (controlled by CEO Damien Lamendola), Chairman Yaron Eitan, and Director Robert Pons.
Issue price based on Nasdaq closing bid price on January 16, 2024; securities subject to transfer restrictions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Marpai, Inc. entered into Securities Purchase Agreement with certain Company insiders consisting of HillCour Investment Fund, LLC, Damien Lamendola, Yaron Eitan, and Robert Pons valued at $0.9201 per share (effective 2024-01-16).

Action: entry
Agreement: equity purchase
Counterparty: certain Company insiders consisting of HillCour Investment Fund, LLC, Damien Lamendola, Yaron Eitan, and Robert Pons
Value: $0.9201 per share
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, Marpai Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain Company insiders consisting of HillCour Investment Fund, LLC, an entity controlled by the Company’s Chief Executive Officer, Damien Lamendola, the Company’s Chairman, Yaron Eitan, and the Company’s director, Robert Pons, pursuant to which the Company agreed to issue and sell 1,322,100 shares of its Class A common stock (the “Common Stock”) in a private placement, at a purchase price of $0.9201 per share

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38 material agreements filed in the last 30 days. Browse all material agreements →

Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-005016

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