MARPAI ANNOUNCES PRICING OF $700,000 PRIVATE PLACEMENT

Company Overview - Marpai, Inc. operates as a technology platform company and a national Third-Party Administrator (TPA) through its subsidiaries, focusing on the $22 billion TPA market by providing affordable and intelligent healthcare solutions to self-funded employer health plans [1][4] - The company primarily competes in the TPA sector, which serves self-funded employer health plans that represent over $1 trillion in annual claims [4] Recent Financial Activity - Marpai announced a private placement offering, issuing 621,194 shares of its Class A common stock at a price of $1.13 per share, resulting in aggregate gross proceeds of $701,950 [1] - The investors in this offering included an institutional fund and certain officers and directors of the company [1] - The net proceeds from the offering are intended for general working capital [1] Market Position and Strategy - Through its Marpai Saves initiative, the company aims to deliver the healthiest member population for the health plan budget [4] - Marpai provides access to leading provider networks, including Aetna and Cigna, and offers a comprehensive range of TPA services [4]