{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-045089","form_type":"8-K","ticker":"MRAI","cik":"0001844392","company_name":"Marpai, Inc.","filed_at":"2024-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.715743+00:00","generated_at":"2026-06-03T21:49:22.846818+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Marpai issues $11.83M convertible debentures; net proceeds $11M; conversion $3.00/share","bullets":["Aggregate principal $11.83M; purchase price $11M; OID of $830,000.","Interest at prime + 5.75%; monthly principal payments of $140k from Oct 2024; maturity Apr 2027.","Convertible at $3.00/share; anti-dilution floor at $2.23 (closing price on Apr 12, 2024).","Secured by first-priority liens on assets; guarantees from CEO Damien Lamendola and Hillcour Holding.","Registration required by May 30, 2024; liquidated damages for delay."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-045089","json":"https://secwatch.observer/filing/0000950170-24-045089.json","markdown":"https://secwatch.observer/filing/0000950170-24-045089.md","text":"https://secwatch.observer/filing/0000950170-24-045089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1844392/000095017024045089/0000950170-24-045089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1844392/000095017024045089/mrai-20240415.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:49:22.846818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd55fc3289686472d63274034e02ba39370562f9","claim":"Marpai, Inc. incurred convertible notes of $11,830,000 with JGB Collateral LLC, as collateral agent at prime interest rate plus 5.75% per annum maturing April 15, 2027.","evidence_excerpt":"the Company agreed to sell to the Purchasers Senior Secured Convertible Debentures (the “Debentures”) in an aggregate principal amount of $11,830,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1844392/000095017024045089/0000950170-24-045089-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$11,830,000"},{"label":"Counterparty","value":"JGB Collateral LLC, as collateral agent"},{"label":"Rate","value":"prime interest rate plus 5.75% per annum"},{"label":"Maturity","value":"April 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1a15088f2c4635ac5224c80fcadd908b00b1c3d9","claim":"Marpai, Inc. entered into Securities Purchase Agreement with the Purchasers valued at $11,830,000 (effective 2024-04-15).","evidence_excerpt":"On April 15, 2024, Marpai, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with each of the purchasers that are parties thereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”) and JGB Collateral LLC, a Delaware limited liability company, as collateral agent for the Purchasers (the “Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1844392/000095017024045089/0000950170-24-045089-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the Purchasers"},{"label":"Value","value":"$11,830,000"},{"label":"Effective","value":"2024-04-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}