CONVERTIBLE DEBT - Marpai Health Convertible Notes - 2021 Convertible Notes (Details) |
2 Months Ended | |
|---|---|---|
Jul. 29, 2021 |
Mar. 31, 2021
USD ($)
item
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| Debt Instrument [Line Items] | ||
| Term of debt | 6 months | |
| 2021 Convertible Notes | ||
| Debt Instrument [Line Items] | ||
| Aggregate principal amount | $ 250,000 | |
| Term of debt | 2 years | |
| Minimum gross proceeds of equity financing required for automatic conversion of notes | $ 2,000,000 | |
| Price per share determined based on maximum pre-money valuation on a fully diluted basis | $ 35,000,000 | |
| Price per share determined based on discount on lowest price per share paid by the investors in financing round | 30.00% | |
| IPO Price As Percentage Of Per Share Public Offering Price Stated In The Final Prospectus | 70.00% | |
| Number of times the note amount, plus any accrued and unpaid interest payable upon change in control | item | 1.5 | |
| Interest rate | 8.00% |
| X | ||||||||||
- Definition Represents the IPO price as percentage of per share public offering price stated in the final prospectus. No definition available.
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- Definition Represents the minimum gross proceeds of equity financing required for automatic conversion of notes. No definition available.
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- Definition Represents the number of times the note amount, plus any accrued and unpaid interest payable upon change in control. No definition available.
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- Definition Represents the price per share determined based on discount on lowest price per share paid by the investors in financing round. No definition available.
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- Definition Represents the price per share determined based on maximum pre-money valuation on a fully diluted basis. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Details
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