---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-087900"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2025-09-16T23:59:59+00:00"
generated_at: "2026-05-17T06:32:35.060584+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-087900
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2025-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000121390025087900/0001213900-25-087900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000121390025087900/ea0257483-8k_marpai.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-087900
- JSON: https://secwatch.observer/filing/0001213900-25-087900.json
- Plain text: https://secwatch.observer/filing/0001213900-25-087900.txt

## Key facts
- Equity Issuances
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000121390025087900/0001213900-25-087900-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.