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 DeepView SnapShot® M Moves Forward with Feedback from Brooke Army Medical Center Institute of Surgical ResearchGlobeNewswire
- Spectral AI Announces 2024 Third Quarter Financial ResultsGlobeNewswire
- Spectral AI Announces Plan to Spin Off Spectral IP Subsidiary Focused on Intellectual Property Investments and MonetizationGlobeNewswire
- Spectral AI Announces Last Patient Out in U.S. Burn Pivotal Study at Burn CentersGlobeNewswire
- Spectral AI Schedules 2024 Third Quarter Financial Results and Conference CallGlobeNewswire
MDAI
Earnings
- 11/6/24 - Beat
MDAI
Sec Filings
- 11/21/24 - Form S-3
- 11/18/24 - Form 424B5
- 11/14/24 - Form SC
- MDAI's page on the SEC website