Spectral AI Raises Up to $5 Million Financing Strengthening Financial Position for FDA Pathway
Spectral AI, Inc. - Class A (MDAI)
Company Research
Source: GlobeNewswire
DALLAS, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on revolutionizing medical diagnostics to enable faster, more accurate treatment decisions in wound care, today announced the successful completion of an approximate $5.0 million equity financing in an at-the-market transaction. The closing is to be completed in two tranches. Part of the proceeds will be used for the retirement of its outstanding obligations with Yorkville Advisors. This transaction supports Spectral AI’s growth trajectory and progress toward a submission to the U.S. Food and Drug Administration (“FDA”) for approval of its DeepView AI®-Burn system, a crucial milestone targeted for the first half of 2025. The equity financing was made possible through a strategic financing arrangement with institutional investors, a testament to Spectral AI's ability to attract significant financial support. This arrangement,
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MDAI
News
- Spectral AI Announces Confirmation of Compliance of its Nasdaq Listing RequirementsGlobeNewswire
- Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2)GlobeNewswire
- Spectral AI Highlights Unprecedented Collaboration with National Leaders in Burn Care for DeepView™ System Training and Validation StudiesGlobeNewswire
- Spectral AI Incorporates Frontline Feedback into Improved Software Release for Enhanced Diagnostic PrecisionGlobeNewswire
- Spectral AI Completes Truthing of Burn Center Images, Initiates Emergency Department Image ReviewGlobeNewswire
MDAI
Earnings
- 11/6/24 - Beat
MDAI
Sec Filings
- 12/23/24 - Form 8-K
- 12/12/24 - Form 424B5
- 12/11/24 - Form 8-K
- MDAI's page on the SEC website