Marpai, Inc. 8-K

What Happened
Marpai, Inc. announced it issued a promissory note on February 12, 2026, in the principal amount of $410,000 to its Chief Executive Officer, Damien Lamendola. The note accrues interest at 12.0% per annum (or the maximum lawful New York rate, if lower) and is payable in full by April 11, 2026. The company may prepay the note, in whole or in part, without penalty. Proceeds are intended for general working capital purposes. The filing reports this as a material definitive agreement (Item 1.01) and the creation of a direct financial obligation (Item 2.03). The full promissory note is attached as Exhibit 4.1.

Key Details

• Principal amount: $410,000 issued to CEO Damien Lamendola (Holder).
• Interest: 12.0% per year, capped at New York’s maximum lawful rate if lower.
• Maturity: All amounts due payable by April 11, 2026.
• Prepayment: Company may prepay any time without premium or penalty.
• Use of proceeds: General working capital.

Why It Matters
This filing documents a short-term, related‑party loan that increases Marpai’s near-term financial obligations and will affect cash requirements through the April 11, 2026 maturity. Investors should note the related‑party nature (CEO as lender), the interest rate and short maturity when assessing the company’s liquidity position and upcoming cash needs. The note is included in the company’s disclosures as a material agreement and is filed as an exhibit.