# Mitchell Calvin Steven — capital_raise/private_placement [announced]
Source: sec.gov · situation sit_32f1020d67069ee97e66 · public 8382485373024705051 · retrieved 2026-08-19T12:49:51.918Z

## Overview
Marpai, Inc. is a miscellaneous health and allied services company.

On July 31, 2026, the Mitchell Family Trust II purchased 3,000 shares of Series A Convertible Preferred Stock from Marpai, Inc. (formerly Grow Capital, Inc.) in a private placement transaction for an aggregate purchase price of $3,000,000. The Preferred Shares are convertible into 3,000,000 shares of Common Stock. In connection with the acquisition, the Trust and the Issuer entered into a Series A Securities Purchase Agreement and a Board Observer Agreement. Pursuant to the Board Observer Agreement, Calvin Steven Mitchell will serve as a board observer to the Issuer's board of directors for a period of two years, provided the Trust continues to own at least 3,000 Preferred Shares.

## Terms
- Counterparty: Marpai, Inc. · Deal value: $3.0M · Consideration: cash · Stake: 10.1%

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · SCHEDULE 13D/A (0001753926-26-001488): SCHEDULE 13D/A - Mitchell Calvin Steven — *Marpai, Inc. is a miscellaneous health and allied services company.* On July 31, 2026, the Mitchell Family Trust II purchased 3,000 shares of Series A Convertible Preferred Stock from Marpai, Inc. (formerly Grow Capital, Inc.) in a private placement transaction for an aggregate purchase price of $3,000,000. The Preferred Shares are convertible into 3,000,000 shares of Common Stock. In connection with the acquisition, the Trust and the Issuer entered into a Series A Securities Purchase Agreement and a Board Observer Agreement. Pursuant to the Board Observer Agreement, Calvin Steven Mitchell will serve as a board observer to the Issuer's board of directors for a period of two years, provided the Trust continues to own at least 3,000 Preferred Shares.
  https://www.sec.gov/Archives/edgar/data/2149385/0001753926-26-001488.txt

## Citations
- 0001753926-26-001488 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175392626001488