Marpai raises $12.1M via private placement of convertible preferred stock led by Mitchell Companies

Marpai, Inc.

Gross proceeds $12.1M from 12,100 Series A Preferred shares at $1,000 each, convertible at $1.00.
Mitchell Companies led the offering; Steve Mitchell to serve as board observer for two years.
Funds to accelerate growth, strengthen TPA/PBM platform, and improve financial position.
Preferred stock carries 8% dividend payable in common stock upon conversion or liquidity event.
Company to file registration statement within 60 days and use best efforts to make effective within 90 days.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.