Marpai shares are trading higher after the company filed to withdraw the registration statement on Form S-1. The company confirmed no securities have been sold in connection with the offering contemplated by the Registration Statement.
Portfolio Pulse from Benzinga Newsdesk
Marpai has filed to withdraw the registration statement on Form S-1, confirming that no securities have been sold in connection with the offering contemplated by the Registration Statement. This has led to a rise in the company's shares.
November 10, 2023 | 12:47 pm
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Marpai's decision to withdraw the registration statement on Form S-1 has led to an increase in its share price. The company confirmed that no securities were sold in the offering.
Marpai's decision to withdraw the registration statement on Form S-1, which is typically used for initial public offerings, has been positively received by the market, leading to a rise in its share price. The company's confirmation that no securities were sold in the offering further strengthens investor confidence, as it indicates that the company did not need to raise funds through this method.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100