secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001213900-25-001170
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai secures $5M additional non-dilutive debt financing from JGB
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- Additional $5M financing from JGB Collateral LLC via senior secured debentures (principal $5.376M).
- $2M received at closing; $3M held in escrow pending satisfaction of conditions.
- New debentures have no conversion feature, making them non-dilutive to equity.
- Proceeds to be used for growth initiatives and general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000121390025001170/0001213900-25-001170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000121390025001170/ea0226884-8k_marpai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-001170

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