secwatch.observer — SEC 8-K summary
======================================

Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0000950170-24-064564
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024064564/0000950170-24-064564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024064564/mrai-20240524.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-064564

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