secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001213900-24-055727
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000121390024055727/0001213900-24-055727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000121390024055727/ea0208477-8k_marpai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-055727

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