Marpai raises ~$1.1M in private placement; CEO's entity buys 86% of shares

Marpai, Inc.

Issued 1,038,519 shares at $1.0592/share in unregistered private placement to three investors.
HillCour Investment Fund, controlled by CEO Damien Lamendola, purchased 896,903 shares (approx. $950,000).
Proceeds of ~$1.1M exempt from SEC registration under Section 4(a)(2) and Rule 506(b).
Securities are restricted and cannot be resold without registration or exemption.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Marpai, Inc. issued 1,038,519 shares of common stock to three investors, including HillCour Investment Fund, LLC for $1.0592 per share.

Security: common stock
Shares: 1,038,519 shares
Purchaser: three investors, including HillCour Investment Fund, LLC
Consideration: $1.0592 per share

Exact text from the filing

of 1,038,519 shares of its Class A common stock (the “Common Stock”) (of which HillCour purchased 896,903 shares of Common Stock) in a private placement, at a purchase price of $1.0592 per share. The securities issued in the offering are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section

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Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-087900

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