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Stock impact report

MARPAI ANNOUNCES PRICING OF $700,000 PRIVATE PLACEMENT [Yahoo! Finance]

MARPAI INC A (MRAI) 
Company Research Source: Yahoo! Finance
a national Third-Party Administrator (TPA) through its subsidiaries and is transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans, today announced the pricing of a private placement offering consisting of the issuance and sale of 621,194 shares of its Class A common stock (the "Common Stock"), par value per share, at a purchase price of per Common Stock, for aggregate gross proceeds of . The investors in the offering consisted of an institutional fund and certain officers and directors of the Company. The closing of the offering is expected to occur on or before December 6 , 2024.The company intends to use the net proceeds from the offering for general working capital. The securities issued in the offering are exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promu Show less Read more
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