Spectral AI, Inc. (MDAI) Files for $50M Share Offering

Spectral AI, Inc. (NASDAQ: MDAI) has filed the following:

From time to time, we may offer and sell, in one or more offerings, in amounts, at prices and on terms that we will determine at the time of such offering, up to $50,000,000 in shares of our common stock, par value $0.0001 (“common stock”). A portion of the proceeds may be used to repay a promissory note issued by our wholly-owned subsidiary, Spectral IP, Inc., to SIM Tech Licensing LLC on March 18, 2024, in the principal amount of $1,000,000 (the “Spectral IP Note”). See “Use of Proceeds” for a description of the Spectral IP Note.

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