Marpai enters $12 million private placement of convertible preferred stock led by Mitchell Companies

• Marpai entered a $12 million private placement of newly designated convertible preferred stock led by Mitchell Companies.
• Sold 12,100 preferred shares at $1,000 each, with an initial conversion price of $1.
• Preferred shares carry an 8% dividend payable in common stock upon a liquidity event or conversion.
• Automatic conversion to common stock upon a qualified public offering or approval by 60% of preferred holders.
• Securities were sold in an unregistered offering under the Securities Act.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-084129), on July 31, 2026, and is solely responsible for the information contained therein.