other material
confidence high
sentiment neutral
materiality 0.50
Marpai raises ~$4M via private placement of common stock and warrants
Marpai, Inc.
- Issued 3.85M shares at $1.00 per share plus warrants for 7.7M shares at $1.00, exercisable for 3 years.
- Investors include COO/President, chairman, and certain directors of the board.
- Gross proceeds approximately $4 million; closing expected on November 7, 2025.
- Proceeds to be used for working capital and general corporate purposes.
- Warrants have anti-dilution provisions; securities exempt from registration under Rule 506(b).