Marpai withdraws from Nasdaq hearings, expects delisting on May 29; trading to move to OTCQX

Marpai, Inc.

Marpai was not compliant with Nasdaq minimum stockholders' equity requirement under Rule 5550(b)(1).
Expects shares suspended effective May 29, 2024; trading to commence on OTCQX immediately under ticker MRAI.
Company states delisting reduces costs and management burden, allowing focus on driving profitable growth.
There is no guarantee a broker will continue to make a market or that trading will continue on OTCQX.
Company will remain subject to SEC periodic reporting requirements after delisting.

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