OTC Markets Group Welcomes Marpai, Inc. to OTCQX
May 29 2024 - 7:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Marpai, Inc. (OTCQX: MRAI), an independent national
Third-Party Administration (TPA) company, has qualified to trade on
the OTCQX® Best Market. Marpai, Inc. previously traded on NASDAQ.
Marpai, Inc. begins trading today on OTCQX under
the symbol “MRAI.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Trading on the OTCQX Market offers companies
efficient, cost-effective access to the U.S. capital markets.
Streamlined market requirements for OTCQX are designed to help
companies lower the cost and complexity of being publicly traded,
while providing transparent trading for their investors. To qualify
for OTCQX, companies must meet high financial standards, follow
best practice corporate governance, and demonstrate compliance with
applicable securities laws.
Commenting on the change, Damien Lamendola, CEO of
Marpai said, “We are thrilled that Marpai will transition to
trading on OTCQX. This shift reflects our commitment to
transparency, shareholder value, and meeting the highest standards
for financial reporting. OTCQX will ensure continued visibility
among institutional investors and analysts, which will ultimately
translate into benefits for our shareholders. This change also
represents a significant reduction in our public company
expenses.”
About Marpai, Inc.Marpai, Inc. is
a leading, national TPA company bringing value-oriented health plan
services to employers that directly pay for employee health
benefits. Primarily competing in the $22 billion TPA sector serving
self-funded employer health plans representing over $1 trillion in
annual claims. Through its Marpai Saves initiative, the Company
works to deliver the healthiest member population for the health
plan budget. Operating nationwide, Marpai offers access to leading
provider networks including Aetna and Cigna and all TPA
services.
About OTC Markets Group Inc.OTC
Markets Group Inc. (OTCQX: OTCM) operates regulated markets for
trading 12,000 U.S. and international securities. Our data-driven
disclosure standards form the foundation of our three public
markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open
Market.
Our OTC Link® Alternative Trading Systems
(ATSs) provide critical market infrastructure that broker-dealers
rely on to facilitate trading. Our innovative model offers
companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are
each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and
SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed
and more efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group
Inc., +1 (212) 896-4428, media@otcmarkets.com
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