On February 12, 2026, Marpai, Inc. issued a $410,000 unsecured promissory note to its CEO Damien Lamendola at 12% simple interest per annum, maturing April 11, 2026, with prepayment allowed without penalty. Proceeds will be used for general working capital purposes.
Key takeaways
Issued $410,000 promissory note to CEO Damien Lamendola on February 12, 2026
Interest rate of 12% per annum or maximum allowed under New York law
Maturity date April 11, 2026, with all principal and interest due then
Prepayable in whole or part without premium or penalty
Unsecured and nonrecourse to directors, officers, or shareholders