secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001213900-25-010928
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai reduces Base Purchase amounts by $3M with AXA; new payment schedule through 2027
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- Reduction criteria met as of Dec 31, 2024: largest shareholder contributed ≥$3M, listing maintained, timely payments.
- Initial Base Amount reduced to $16.7M and Full Base Amount to $22.3M, each cut by $3M from prior amounts.
- Modified annual aggregate payment minimums: 2024 $2.3M, 2025 $5.3M, 2026 $13.3M, 2027 $22.3M.
- Debt Reduction Agreement executed Jan 31, 2025; all other Purchase Agreement terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000121390025010928/0001213900-25-010928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000121390025010928/ea0230139-8k_marpai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-010928

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