Loan & DebtMay 1, 2026, 04:22 PM
Marpai Extends Maturity of $660,000 Promissory Notes to CEO
AI Summary
Marpai, Inc. announced an Amendment Agreement to extend the maturity dates of two promissory notes issued to its Chief Executive Officer, Damien Lamendola. The notes, totaling $660,000 in principal, were originally due on April 11, 2026, and May 10, 2026, respectively. Under the new agreement, both notes will now mature on September 1, 2026, with all other terms remaining unchanged.
Key Highlights
- Marpai, Inc. extended the maturity date of two promissory notes totaling $660,000.
- The first note, for $410,000, was issued to CEO Damien Lamendola on February 13, 2026, with a 12% interest rate.
- Its original maturity date was April 11, 2026.
- The second note, for $250,000, was issued to the CEO on March 9, 2026, also with a 12% interest rate.
- Its original maturity date was May 10, 2026.
- Both notes' maturity dates were extended to September 1, 2026, via an Amendment Agreement dated April 29, 2026.
- All other terms and conditions of the notes remain unchanged.
Price Impact
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