The Marpai Company, Inc.. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans, today announced that it has requested and been granted a hearing before the Nasdaq Listing Qualifications Panel ("Panel") to appeal the determination by the Listing Qualifications Department of The Nasdaq Stock Market (the "Staff") and request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(b)(2). It is scheduled for March 24, 2024, as the date of the hearing
It is scheduled for March 24, 2024, as the date of the hearing
As a result of the appeal, delisting or suspension actions are stayed pending the outcome of the Panel's final decision on the appeal. The Panel is vested with broad discretionary public interest authority, which includes the discretion to grant the Company an additional 180 calendar days to become compliant with the Regulations from November 28, 2023.. Moreover, the Panel can also use that authority to apply additional or more stringent criteria for the continued listing of the Company's common stock as well as suspending or delisting securities of the Company.. In the end, there is no guarantee that the Panel will extend the compliance period if there is a need to do so
In the end, there is no guarantee that the Panel will extend the compliance period if there is a need to do so
The history of Marpai, Inc.
The Marpai Company, Inc.. A leading, national TPA (Third Party Administrator) company, MRAI (Nasdaq:MRAI) provides value-oriented health plan services for employers who directly pay for their employees' health care benefits through value-based health plans. This company competes primarily in the $22 billion TPA sector serving self-funded employer health plans that represent over $1 trillion in claims every year.. It is Marpai's goal to ensure that the healthiest patient population can be delivered within the budget of the health plan. In addition to operating nationwide, Marpai offers access to all major provider networks, including Aetna, Cigna, and all services offered by TPAs. Visit the website for more information about this program..Marpai Health Services.In this press release, this information is not incorporated by reference into the content of the website www.com
In this press release, this information is not incorporated by reference into the content of the website www.com
Disclaimer for Forward-Looking Statements
A number of forward-looking statements are included in this press release, in accordance with the Private Litigation Reform Act of 1995, which are subject to significant risks and uncertainties.. In order to identify forward-looking statements, we need to look for words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "guidance," "may," "can," "could", "will", "potential", "should," "goal" and variations of these words or similar expressions.. For example, the Company is using forward-looking statements when it discusses the Company's belief that the third quarter results reflect continued momentum towards sustained profitability over the long term. We caution readers not to place undue reliance on these forward-looking statements, which reflect Marpai's current expectations and speak only as of the date of this release and as of the date of this press release only.. It is possible that actual results will differ materially from Marpai's current expectations, depending on a variety of factors including but not limited to:. These factors include, among other things, adverse changes in general economic and market conditions, competitive factors such as pricing pressures and the introduction of new products, uncertainty over customer acceptance of new product offerings and changes in the market, and risks associated with managing the growth of the business.. If necessary, Marpai will not undertake any responsibility to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law
If necessary, Marpai will not undertake any responsibility to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law
It is important to note that Marpai's filings with the Securities and Exchange Commission provide detailed information about the company as well as the factors that could affect how forward-looking statements will be realized. These documents are available on the SEC's web site at http://www.sec.gov, which is free to read for investors and security holders.
Marpai is the source of this information
It is with great pleasure to introduce you to Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a TPA company that is transforming a $22 billion market into a...
MARpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a national Third-Party Administrator (TPA) company that manages $22 billion in healthcare costs.....
Get PRN's top stories and curated news delivered weekly to your inbox when you sign up for our newsletter!

Source prnewswire