Yaron Eitan Amends Marpai, Inc. Ownership Filing
Ticker: MRAI · Form: SC 13D/A · Filed: May 29, 2024 · CIK: 1844392
| Field | Detail |
|---|---|
| Company | Marpai, INC. (MRAI) |
| Form Type | SC 13D/A |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $31.60, $2.66 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: MPAI
TL;DR
Yaron Eitan just updated his Marpai (MPAI) ownership filing - big changes might be brewing.
AI Summary
On May 29, 2024, Yaron Eitan filed an amendment (No. 3) to Schedule 13D for Marpai, Inc. The filing indicates a change in beneficial ownership of Marpai, Inc. common stock. The specific details of the change in ownership, including the number of shares and percentage of ownership, are not fully detailed in the provided text but are the subject of this amendment.
Why It Matters
This filing signals a potential shift in control or significant stake changes for Marpai, Inc., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in beneficial ownership, which can lead to increased volatility and uncertainty.
Key Numbers
- Amendment No. 3 — Filing Amendment (Indicates this is not the initial filing and reflects subsequent changes.)
- May 29, 2024 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Yaron Eitan (person) — Filing person and potential beneficial owner
- Marpai, Inc. (company) — Subject company
- 615 Channelside Drive, Suite 207, Tampa, Florida 33602 (address) — Business and mailing address for Marpai, Inc.
- 65 Challenger Road, Ridgefield Park, NJ 07660 (address) — Mailing address for Yaron Eitan
FAQ
What specific changes in beneficial ownership are detailed in this Schedule 13D amendment?
The provided text is an excerpt and does not detail the specific changes in beneficial ownership, only that an amendment (No. 3) has been filed on May 29, 2024, by Yaron Eitan concerning Marpai, Inc.
Who is Yaron Eitan in relation to Marpai, Inc.?
Yaron Eitan is the filing person for this Schedule 13D amendment and is listed with a mailing address c/o Marpai, Inc., suggesting a significant role or interest in the company.
What is the purpose of a Schedule 13D filing?
A Schedule 13D filing is required for any person or group who acquires beneficial ownership of more than five percent of a class of a company's equity securities, and it discloses information about the filer's background, purpose of the transaction, and plans or proposals.
What does 'Amendment No. 3' signify?
Amendment No. 3 signifies that this is the third filing made by Yaron Eitan to update the information originally reported on Schedule 13D regarding his beneficial ownership of Marpai, Inc. securities.
What is the CUSIP number for Marpai, Inc. Class A Common Stock mentioned in the filing?
The CUSIP number for Marpai, Inc. Class A Common Stock mentioned in the filing is 571354 109.
Filing Stats: 784 words · 3 min read · ~3 pages · Grade level 9.5 · Accepted 2024-05-29 16:01:02
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value (Title of Class of Securities
- $31.60 — ise of warrants at an exercise price of $31.60 per share expiring on February 9, 2026
- $2.66 — at a weighted average purchase price of $2.66. The Reporting Person paid such conside
Filing Documents
- yaron_13d_5.1224.htm (SC 13D/A) — 53KB
- 0000950170-24-065890.txt ( ) — 54KB
Source and Amount of Funds or Other Considerations
Item 3. Source and Amount of Funds or Other Considerations On May 10, 2024, the Reporting Person purchased 5,000 shares of Common Stock of the Issuer at a weighted average purchase price of $2.66. The Reporting Person paid such consideration using personal funds. On May 23, 2024, the Reporting Person granted 60,000 shares of Restricted Stock Units to be vested over the next 3 years.
Purpose of Transaction
Item 4. Purpose of Transaction Yaron Eitan acquired the securities for business investment purposes.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) As of May 29, 2024, Yaron Eitan directly beneficially owned 785,902 shares of the Issuer’s Common Stock which are comprised of 624,454 shares of Common Stock, 56,948 Warrants to purchase 56,948 shares of Common Stock, 42,000 restricted stock units, and 62,500 Options to purchase 62,500 shares of Common Stock. (b) Ya ron Eitan has sole voting and dispositive power of 624,454 shares of Common Stock of the Issuer, as of May 29, 2024. (c) Not applicable. (d) Not applicable. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated : May 29, 2024 By: /s/ Yaron Eitan Yaron Eitan