Nasdaq panel grants Marpai extension to May 28 to meet $35M MVLS listing requirement

Marpai, Inc.

Nasdaq Hearings Panel granted extension until May 28, 2024 to regain compliance with MVLS minimum of $35M.
Company must meet certain requirements by March 31, 2024 as condition of extension.
Marpai previously notified of deficiency in May 2023; hearing held Feb 22, 2024.
CEO states company has made progress on raising equity and improving efficiencies.
No assurance company will meet deadlines or ultimately regain compliance.

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