Marpai Inc. has announced it has entered into a Securities Purchase Agreement with certain investors, including company executives and directors, for a private placement of 3,850,000 shares of its Class A common stock and warrants to purchase up to 7,700,000 additional shares. The purchase price for each share and accompanying warrant is $1.00, with gross proceeds expected to total approximately $4 million. The securities are being sold in an unregistered offering exempt from registration under the Securities Act of 1933. The company plans to use the proceeds for working capital and general corporate purposes, and the offering is expected to close on or about November 7, 2025, subject to customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marpai Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-108593), on November 12, 2025, and is solely responsible for the information contained therein.