IPO - Marpai, Inc.

Form Type: S-1

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024111913

Filing Summary: Marpai, Inc., a technology platform company specializing in third-party administration of healthcare benefits using AI and data analytics, filed a Registration Statement on Form S-1 with the SEC. This registration pertains to the sale of up to 5,705,996 shares of its common stock by selling stockholders, issued under securities purchase agreements dated August 28 and December 5, 2024. The company emphasizes its mission to lower healthcare costs for self-insured employers and improve health outcomes for their employees. The document discusses various risk factors associated with the investment, including substantial doubt about the company's ability to continue as a going concern due to accumulated losses and reliance on a major customer. The last reported sale price of Marpai's common stock was $0.98 as of December 20, 2024. Key financial information indicates a significant accumulated deficit and the need for future capital raising efforts to sustain operations and growth.

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