Marpai, Inc. 8-K

What Happened

• Marpai, Inc. filed an 8-K on March 11, 2026 reporting that on March 9, 2026 it issued a promissory note for $250,000 to its Chief Executive Officer, Damien Lamendola.
• The Note accrues interest at 12.0% per annum (or the maximum rate allowed under New York law, if lower), is payable in full by May 10, 2026, and may be prepaid at any time without penalty. The company said the proceeds will be used for general working capital.

Key Details

• Principal: $250,000 issued to CEO Damien Lamendola.
• Interest: 12.0% per annum (or the maximum permitted under NY law).
• Maturity/Repayment: All amounts due by May 10, 2026; prepayment allowed without penalty.
• Use of proceeds: General working capital. The promissory note is included as Exhibit 4.1 to the filing.

Why It Matters

• This 8-K records a short-term, related-party loan that creates a direct financial obligation of $250,000 on Marpai’s balance sheet through May 10, 2026.
• For investors, key points are the size and cost of the financing, its short maturity, and that it comes from the CEO rather than an outside lender—factors that can affect near-term liquidity and governance transparency.