MARPAI INC. ANNOUNCES SALE OF $11.83 MILLION CONVERTIBLE NOTES [Yahoo! Finance]
Marpai, Inc. (MRAI)
Company Research
Source: Yahoo! Finance
independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced the sale of new three-year, $11.83 million convertible notes to funds managed by JGB Management Inc. The loan proceeds will be used to repay Marpai's existing debt with Libertas Funding, fuel Marpai's ongoing growth initiatives and bolster working capital. Key Highlights of the Loan Agreement: Total Loan Amount: $11.83 million Term: Three years Use of Proceeds: Debt repayment, growth initiatives and working capital Convertible Note Provision: The notes are convertible into Marpai common stock at a price of per share. This represents a premium to the current market price of Marpai's common stock. The convertible note also provides for price protection in the event Marpai issues shares below the applicable conversion price subject to the floor of per share. "The proceeds from t
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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