---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-005016"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:42:42.435478+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-005016
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017024005016/0000950170-24-005016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017024005016/mrai-20240116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-005016
- JSON: https://secwatch.observer/filing/0000950170-24-005016.json
- Plain text: https://secwatch.observer/filing/0000950170-24-005016.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017024005016/0000950170-24-005016-index.htm

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