Marpai prices USD 12 million private placement of convertible preferred stock at USD 1,000 per share

• Marpai entered a USD 12 million private placement with accredited investors led by Mitchell Companies, issuing newly designated convertible preferred stock.
• Sold 12,100 preferred shares at USD 1,000 each; initial conversion price set at USD 1.
• Preferred stock carries an 8% dividend payable in common shares upon a liquidity event or conversion.
• Automatic conversion to common stock triggers on a qualified public offering or approval by 60% of preferred holders.
• Securities were not registered under the Securities Act, limiting resale absent registration or an exemption.

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 PR Newswire (Ref. ID: NY15362) on July 29, 2026, and is solely responsible for the information contained therein.