Marpai, Inc. announced that it has entered into a Securities Purchase Agreement with new investor, HillCour Investment Fund, LLC, pursuant to which the company agreed to issue and sell 910,000 shares of its Class A common stock in a private placement, at a purchase price of $1.65 per share for the gross proceeds of $1,501,500 on March 7, 2024. The securities issued in the offering are exempt from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promulgated thereunder.