---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-025966"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T15:05:14.171020+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Marpai issues $250K promissory note to CEO at 12% for working capital

## Summary
- 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%.

## SEC filing metadata
- accession: 0001213900-26-025966
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000121390026025966/0001213900-26-025966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000121390026025966/ea0280979-8k_marpai.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-025966
- JSON: https://secwatch.observer/filing/0001213900-26-025966.json
- Plain text: https://secwatch.observer/filing/0001213900-26-025966.txt

## Source-grounded claims
- claim_id: fe33925f68d7d171cab2021bb2a475319978ef66
  claim: Marpai, Inc. incurred loan of $250,000 with Damien Lamendola at 12.0% per annum maturing May 10, 2026.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000121390026025966/0001213900-26-025966-index.htm

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