Marpai Secures $250K Promissory Note from CEO for Working Capital at 12% Interest

summarizeSummary

Marpai, Inc. has obtained a $250,000 promissory note from its CEO, Damien Lamendola, at a 12% interest rate, due May 10, 2026, to fund general working capital.

check_boxKey Events

• CEO Provides $250K Loan

  Marpai, Inc. issued a promissory note in the principal amount of $250,000 to its Chief Executive Officer, Damien Lamendola, on March 9, 2026.

• High Interest and Short Maturity

  The note accrues interest at a rate of 12.0% per annum and is due to be repaid in full, including all accrued interest, by May 10, 2026.

• Funds for Working Capital

  The proceeds from the promissory note will be utilized by the company for general working capital purposes.

• Unsecured Obligation

  The promissory note is unsecured, and no personal liability is assumed by any partner, director, officer, or shareholder of the Borrower.

auto_awesomeAnalysis

Marpai, Inc. has secured a $250,000 promissory note from its CEO, Damien Lamendola, for general working capital. This infusion of capital, representing over 2% of the company's market capitalization, provides critical short-term liquidity for the micro-cap company. While the 12% annual interest rate and short maturity date of May 10, 2026, highlight potential challenges in securing external financing on more favorable terms, the CEO's personal loan demonstrates a strong commitment to the company's immediate operational needs. Investors should monitor the company's ability to repay this note or secure more sustainable financing before the maturity date.