Spectral AI Secures Access to $12.5 Million of New Equity Capital
Spectral AI, Inc. - Class A (MDAI)
Company Research
Source: GlobeNewswire
Issuance of Convertible Instrument Balances Certainty, Timing, and ExecutionCapital Supports Strategic Imperatives and Commercialization Initiatives DALLAS, March 20, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced that it has entered into a fixed price prepaid advance and standby equity purchase agreement (“SEPA”) with a long-only investor. Total capacity under the SEPA is $30.0 million, consisting of a prepaid advance of $12.5 million, $5.0 million of which was funded today with a fixed conversion price of $3.16. Any additional draws above the prepaid advances are at the sole discretion of the Company. “We are pleased to announce this equity funding as we pivot to commercialization while continuing our research and development activities,” said Peter M. Carlson, CEO of Spectral AI. “Toge
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- Spectral AI to Participate at the Sidoti Micro-Cap Virtual Investor ConferenceGlobeNewswire
- Spectral AI Awarded Quality Achievement Award from the Texas Manufacturer Assistance CenterGlobeNewswire
- Spectral AI Schedules 2024 First Quarter Financial Results and Conference CallGlobeNewswire
MDAI
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 4
- MDAI's page on the SEC website