Marpai, Inc. announced that it expects to receive $0.2955 million in funding
December 13, 2023
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Marpai, Inc. announced that it has entered into a security purchase agreement with new investor HillCour Investment Fund, LLC to issue 150,000 shares of its Class A common stock at a purchase price of $1.97 per share for the gross proceeds of $295,500 on December 14, 2023. The securities issued in the offering are exempt from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promulgated thereunder.
Marpai, Inc. is a technology-driven healthcare company, which uses artificial intelligence (AI) and data analytics. The Company provides administrative services and acts as a third-party administrator (TPA) to self-insured employers who provide healthcare benefits to their employees. Its products and services include Health Plan Administration services, Ancillary In-House services, and Third-Party Vendor services. Its Health Plan Administration services offering includes handling all aspects of administration related to a healthcare plan. Its In-House Ancillary Services are derived from its in-house products related to its role as the administrator of the clients' health plans. The Company typically design healthcare benefit plan for its client, which allows the client to define the coverage it would like to provide to its employees. The Company offers MarpaiRx, a national pharmacy benefit management program.
MARPAI, INC. 
