MARPAI ANNOUNCES SECOND TRANCHE OF NON-DILUTIVE GROWTH FUNDING WITH UP TO $5 MILLION FROM JGB
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Marpai, Inc. (OTCQX: MRAI) has secured a second tranche of non-dilutive growth funding, receiving up to $5 million from JGB Collateral LLC. The funds will be used for growth initiatives and general working capital.
January 06, 2025 | 9:15 pm
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Marpai, Inc. has announced a $5 million non-dilutive funding from JGB Collateral LLC, aimed at supporting growth initiatives and general working capital.
The $5 million funding is non-dilutive, meaning it does not affect existing shareholders' equity, which is positive for the stock. The funds are intended for growth initiatives, potentially leading to increased revenue and market share, positively impacting the stock price.
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