Marpai extends CEO loan maturities to Sept. 1, 2026
Marpai, Inc. entered into an Amendment Agreement with its Chief Executive Officer, Damien Lamendola, to extend the maturity dates of two existing promissory notes he holds.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Marpai, Inc. entered into an Amendment Agreement with its Chief Executive Officer, Damien Lamendola, to extend the maturity dates of two existing promissory notes he holds. The notes have principal amounts of $410,000 and $250,000, each bearing interest at 12% per annum. Their maturities were previously April 11, 2026 and May 10, 2026, and have now been extended to September 1, 2026 for all outstanding principal and interest. All other terms and conditions of the notes remain unchanged.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
First promissory note principal: $410,000
Second promissory note principal: $250,000
Total principal of both notes: $660,000
+3 more
6 metrics
First promissory note principal
$410,000
Issued to CEO on February 13, 2026
Second promissory note principal
$250,000
Issued to CEO on March 9, 2026
Total principal of both notes
$660,000
Sum of $410,000 and $250,000 notes
Interest rate on notes
12% per annum
Applies to both CEO promissory notes
Original maturity dates
April 11, 2026 & May 10, 2026
Initial due dates before amendment
New maturity date
September 1, 2026
Amended maturity for both notes
Key Terms
Material Definitive Agreement, promissory note, emerging growth company, principal amount, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
promissory note financial
"the Company issued a promissory note (the “Note”) in the principal amount of $410,000"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
principal amount financial
"in the principal amount of $410,000 to Damien Lamendola"
The principal amount is the original sum of money that is borrowed, lent, or invested before any interest, fees, or returns are added. It matters to investors because interest charges, scheduled repayments, and total return are calculated from that base amount — think of it as the price tag on which future costs or gains are built. Knowing the principal helps you compare deals and predict cash flows and risk.
interest rate financial
"with an interest rate of 12% per annum"
The interest rate is the price charged to borrow money or the return earned on savings, like a rental fee you pay to use someone else’s cash. It acts like a thermostat for the economy: when it rises, loans get more expensive and future profits are worth less; when it falls, borrowing is cheaper and asset prices often rise. Investors watch interest rates because they affect corporate borrowing costs, bond yields and how future earnings are valued today.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marpai, Inc. (MRAI) disclose in its latest 8-K?
Marpai, Inc. disclosed it entered an Amendment Agreement with CEO Damien Lamendola, extending the maturity dates of two existing promissory notes he holds to September 1, 2026, while keeping all other terms unchanged at a 12% annual interest rate.
How much debt does Marpai, Inc. owe under the CEO promissory notes?
Marpai, Inc. has two promissory notes held by its CEO totaling $660,000 in principal, one for $410,000 and another for $250,000, each bearing interest at 12% per annum as described in the filing.
What change was made to Marpai, Inc.’s promissory notes with its CEO?
The company extended the maturity dates of both promissory notes with its CEO. The original April 11, 2026 and May 10, 2026 maturities were pushed to September 1, 2026 for all outstanding principal and interest, with no other terms changed.
Who is the holder of Marpai, Inc.’s promissory notes described in the 8-K?
The holder of the promissory notes is Damien Lamendola, Marpai, Inc.’s Chief Executive Officer. He received a $410,000 note dated February 13, 2026 and a $250,000 note dated March 9, 2026, both at 12% annual interest.
What interest rate applies to Marpai, Inc.’s promissory notes with its CEO?
Both promissory notes issued to CEO Damien Lamendola carry a 12% per annum interest rate. The amendment only extended the maturity dates to September 1, 2026; it did not change the stated interest rate or other existing terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates