MARPAI INC. ANNOUNCES SALE OF $11.83 MILLION CONVERTIBLE NOTES

April 16, 2024

Financing Strengthens Marpai’s Growth Trajectory

TAMPA, Fla., April 16, 2024 /PRNewswire/ — Marpai, Inc. (“Marpai” or the “Company”) (Nasdaq: MRAI), an 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.

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