secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0000950170-24-005016
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024005016/0000950170-24-005016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024005016/mrai-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-005016

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