secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001213900-26-025966
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000121390026025966/0001213900-26-025966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000121390026025966/ea0280979-8k_marpai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-025966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer