Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.23.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2022
Class of Warrant or Right [Line Items]  
Schedule of warrant activities

The table below summarizes the Company’s warrant activities:

 

Number of

 

 

 

 

 

 

Common

 

 

Exercise Price

 

 

Weighted

 

 

Shares

 

 

Range Per

 

 

Average

 

 

Warrants

 

 

Share

 

 

Exercise Price

 

Balance at January 1, 2022

 

 

1,648,873

 

 

$1.43 to 7.90

 

 

$

5.92

 

Granted

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Balance at December 31, 2022

 

 

1,648,873

 

 

$1.43 to 7.90

 

 

$

5.92

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2021

 

 

364,466

 

 

$

1.43

 

 

$

1.43

 

Granted

 

 

1,509,407

 

 

4.00 to 7.90

 

 

 

6.72

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

(225,000

)

 

 

4.00

 

 

 

4.00

 

Balance at December 31, 2021

 

 

1,648,873

 

 

$1.43 to 7.90

 

 

$

5.92

 

Marpai Warrants  
Class of Warrant or Right [Line Items]  
Schedule of assumptions used when calculating the issuance date fair value of warrants

The following assumptions were used when calculating the issuance date fair value:

 

Exercise price of the warrants

 

$

4.00

 

Contractual life of the warrants

 

0.4 years

 

Current value of the underlying common stock

 

$

2.58

 

Expected volatility

 

 

40.08

%

Expected dividend yield

 

 

%

Risk-free interest rate

 

 

0.06

%

The following assumptions were used when calculating the issuance date fair value:

Exercise price of the warrants

 

$

5.00

 

Contractual life of the warrants

 

5 years

 

Current value of the underlying common stock

 

$

4.00

 

Expected volatility

 

 

40.08

%

Expected dividend yield

 

 

0.00

%

Risk-free interest rate

 

 

1.20

%

 

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