secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0000950170-24-028393
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai issues 910k shares at $1.65 to CEO-affiliated fund in private placement
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- Sold 910,000 Class A common shares to HillCour Investment Fund LLC (CEO Damien Lamendola controls) at $1.65/share.
- Gross proceeds of approximately $1.5 million; securities unregistered, exempt under Section 4(a)(2) and Rule 506(b).
- Transaction closed March 7, 2024; price equal to consolidated closing bid price on Nasdaq that day.
- Shares are restricted and not registered under the Securities Act; no general solicitation used.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024028393/0000950170-24-028393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024028393/mrai-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028393

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