Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization
Spectral AI, Inc. - Class A (MDAI)
Company Research
Source: GlobeNewswire
DALLAS, March 24, 2025 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (NASDAQ: MDAI) ("Spectral AI" or the "Company"), a leading developer of the AI-driven DeepView® System, which uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the successful completion of a debt financing agreement of up to $15.0 million in funding from Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, with an initial draw down of $8.5 million. In connection with this debt financing, the Company also raised $2.7 million of equity financing from institutional as well as existing investors. With total cash on hand now of over $14 million and potential access to additional debt of $6.5 million, Spectral AI is able to accelerate its product commercialization efforts, including the upcoming U.S. launch of its DeepView System. The term of the financing agreement is for three years, with an interest-only payment period of no less than 15 months, which can
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News
- Spectral AI (NASDAQ:MDAI) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Spectral AI (NASDAQ:MDAI) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- DeepView™ System Featured at 2025 US Burn ConferencesGlobeNewswire
- Spectral AI (NASDAQ:MDAI) had its price target lowered by analysts at BTIG Research from $3.50 to $3.00. They now have a "buy" rating on the stock.MarketBeat
- Spectral AI Announces 2025 Third Quarter Financial ResultsGlobeNewswire
MDAI
Earnings
- 11/11/25 - Miss
MDAI
Analyst Actions
- 11/12/25 - BTIG
MDAI
Sec Filings
- 11/13/25 - Form 10-Q
- 10/30/25 - Form S-3
- 10/24/25 - Form 8-K
- MDAI's page on the SEC website