Marpai redeems $5M of convertible debentures, reducing outstanding to $6.83M

Marpai, Inc.

Effective June 21, 2024, Marpai redeemed $5M principal of Senior Secured Convertible Debentures under optional provision.
Original issuance was $11.83M principal for $11M purchase price per April 2024 Securities Purchase Agreement.
After redemption, aggregate principal outstanding reduced to $6.83M.
Redemption limited to $5M within 60 days of issue, conditional on $5M held in blocked account.

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