Marpai Secures $410K Promissory Note from CEO at 12% Interest for Working Capital
MRAI is trading near its 52-week low of $0.36 (11% above the low) on elevated volume (2.9× avg).
Summary
Marpai Inc. obtained a $410,000 promissory note from its CEO, Damien Lamendola, at a 12% annual interest rate, due April 11, 2026, to fund general working capital.
Key Events · Financing and Capital Events · MRAI
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Promissory Note Issued
Marpai Inc. issued a promissory note in the principal amount of $410,000 on February 12, 2026.
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CEO as Lender
The note was issued to Damien Lamendola, the company's Chief Executive Officer.
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High Interest and Short Maturity
The note accrues interest at 12.0% per annum and is due in full by April 11, 2026.
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Use of Proceeds
The proceeds from the note will be used for general working capital purposes.
Analysis · MRAI · Industrial Applications And Services
Marpai Inc. has secured a $410,000 promissory note from its CEO, Damien Lamendola, which provides immediate working capital for the company. While the CEO's direct financial support demonstrates a strong commitment to the company's stability, the 12% annual interest rate and short maturity date of April 11, 2026, suggest a pressing need for capital and potential challenges in securing more traditional or favorable financing. For a company with a market capitalization under $10 million, this loan represents a substantial portion of its value, indicating financial strain. Investors should closely monitor the company's ability to repay this short-term debt and its future financing strategies.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.6% of the 1018 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MRAI was trading at $0.40 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $9.4M. The 52-week trading range was $0.36 to $1.78. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.