secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2026-07-31T21:29:12+00:00
Accession:  0001213900-26-084129
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000121390026084129/0001213900-26-084129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000121390026084129/ea0300139-8k_marpai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-084129

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