MARPAI ANNOUNCES KEY FINANCIAL AGREEMENTS [Yahoo! Finance]
Marpai, Inc. (MRAI)
Company Research
Source: Yahoo! Finance
NEW YORK Feb. 8, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced two key financing agreements. The Company executed an amendment to the Maestro Purchase Agreement with AXA S.A. ("AXA"). The amendment provides an overall extension to the payment terms, significantly reduces the remaining payment in 2024 to and delays any further payments to 2025. In addition, AXA has agreed to certain "Reduction Criteria" that would potentially reduce the overall payment obligation by $3 million once certain criteria are met, including the Company maintaining its Nasdaq (or other national securities exchange) listing. As a part of that criteria, Mr. Lamendola, as the Company's largest shareholder, has committed to investing at least $3 million in equity during 2024. Dam
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News
- MARPAI TO HOST WEBCAST ON MAY 10, 2024 TO DISCUSS FIRST QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]Yahoo! Finance
- MARPAI TO HOST WEBCAST ON MAY 10, 2024 TO DISCUSS FIRST QUARTER 2024 FINANCIAL RESULTSPR Newswire
- MARPAI INC. ANNOUNCES COST REDUCTION PROGRAM AND PROPERTY SUBLEASE [Yahoo! Finance]Yahoo! Finance
- MARPAI INC. ANNOUNCES COST REDUCTION PROGRAM AND PROPERTY SUBLEASEPR Newswire
- MARPAI INC. BOLSTERS SALES TEAM WITH TWO WORLD-CLASS EXECUTIVESPR Newswire
MRAI
Analyst Actions
- 3/28/24 - Maxim Group
MRAI
Sec Filings
- 4/17/24 - Form DEFR14A
- 4/17/24 - Form 8-K
- 3/26/24 - Form 10-K
- MRAI's page on the SEC website