2023-04-17 06:19:51 ET
- Marpai ( NASDAQ: MRAI ) prices an underwritten public offering of 7.4M shares of its common stock at $1.00 per share, for gross proceeds of ~$7,400,000.
- Closing date is April 19, 2023.
- The Company intends to use the net proceeds for the repayment of debt relating to the Company’s acquisition of Maestro Health (in an amount equal to not less than 35% of the funds raised in the offering) and the remainder for general corporate purposes.
- MRAI -29.4% premarket to $1.32
- Source: Press Release
- Prior: Marpai proposes stock offering, shares slump ~21% after hours
For further details see:
Marpai falls 29% after pricing equity offering