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Marpai | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Damien Lamendola(40.4%),HillCour Investment Fund, LLC(28.8%), etc.

SEC announcement ·  Mar 11 16:03
Summary by Moomoo AI
On March 7, 2024, Damien Lamendola, in his capacity as the manager and controlling entity of HillCour Investment Fund, LLC and WellEnterprises USA, LLC, made a significant purchase of Marpai, Inc.'s Class A Common Stock. The transaction involved the acquisition of 910,000 shares at a price of $1.65 per share, utilizing personal funds. This purchase has been disclosed in an amendment to the Schedule 13D filing with the SEC, which also includes updates on the beneficial ownership of Marpai's Common Stock by the reporting entities. As of the reporting date, Lamendola may be deemed to beneficially own approximately 40.4% of Marpai's outstanding Common Stock, including shares held directly, shares issuable upon the exercise of warrants and options, and shares owned by entities he controls. The filing also details the percentages of ownership by HillCour Investment Fund, LLC and WellEnterprises USA, LLC, which are 28.8% and 9.9% respectively. The Schedule 13D amendment serves to update the SEC and investors on changes in significant ownership and control of the company's shares.
On March 7, 2024, Damien Lamendola, in his capacity as the manager and controlling entity of HillCour Investment Fund, LLC and WellEnterprises USA, LLC, made a significant purchase of Marpai, Inc.'s Class A Common Stock. The transaction involved the acquisition of 910,000 shares at a price of $1.65 per share, utilizing personal funds. This purchase has been disclosed in an amendment to the Schedule 13D filing with the SEC, which also includes updates on the beneficial ownership of Marpai's Common Stock by the reporting entities. As of the reporting date, Lamendola may be deemed to beneficially own approximately 40.4% of Marpai's outstanding Common Stock, including shares held directly, shares issuable upon the exercise of warrants and options, and shares owned by entities he controls. The filing also details the percentages of ownership by HillCour Investment Fund, LLC and WellEnterprises USA, LLC, which are 28.8% and 9.9% respectively. The Schedule 13D amendment serves to update the SEC and investors on changes in significant ownership and control of the company's shares.
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