Marpai, Inc. (MRAI): debt financing — Marpai issues $250K promissory note to CEO at 12% for working capital

Marpai, Inc.

Principal $250,000; interest 12% per annum; payable May 10, 2026.
Note issued to CEO Damien Lamendola; prepayable anytime without penalty.
Proceeds used for general working capital purposes.
Interest rate subject to NY usury cap if lower than 12%.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Marpai, Inc. incurred loan of $250,000 with Damien Lamendola at 12.0% per annum maturing May 10, 2026.

Instrument: loan
Principal: $250,000
Counterparty: Damien Lamendola
Rate: 12.0% per annum
Maturity: May 10, 2026
Event: incurrence

Exact text from the filing

On March 9, 2026, Marpai Inc. (the “Company”) issued a promissory note (the “Note”) in the principal amount of $250,000 to Damien Lamendola, the Company’s Chief Executive Officer (the “Holder”). The Note accrues interest at a rate of 12.0% per annum (or the maximum amount of interest allowed under the laws of the State of New York, whichever is less) until the Note is repaid in full.

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Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-025966

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