Marpai, Inc., a company listed on the OTCQX Market under the trading symbol MRAI, has reported a significant financial transaction in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. On April 17, 2024, Marpai entered into a Securities Purchase Agreement with various purchasers and JGB Collateral LLC, acting as the collateral agent. Under this agreement, Marpai agreed to sell Senior Secured Convertible Debentures with an aggregate principal amount of $11,830,000 for a purchase price of $11,000,000. The Debentures included an optional redemption feature, which Marpai exercised on June 21, 2024, by redeeming $5 million of the principal amount. This redemption reduced the outstanding principal amount of the Debentures to $6,830,000. The transaction was completed as part of the company's financial strategy, and the details were officially signed off by Steve Johnson, the Chief Financial Officer of Marpai, Inc., on June 25, 2024.

Marpai, Inc., a company listed on the OTCQX Market under the trading symbol MRAI, has reported a significant financial transaction in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. On April 17, 2024, Marpai entered into a Securities Purchase Agreement with various purchasers and JGB Collateral LLC, acting as the collateral agent. Under this agreement, Marpai agreed to sell Senior Secured Convertible Debentures with an aggregate principal amount of $11,830,000 for a purchase price of $11,000,000. The Debentures included an optional redemption feature, which Marpai exercised on June 21, 2024, by redeeming $5 million of the principal amount. This redemption reduced the outstanding principal amount of the Debentures to $6,830,000. The transaction was completed as part of the company's financial strategy, and the details were officially signed off by Steve Johnson, the Chief Financial Officer of Marpai, Inc., on June 25, 2024.