Spectral AI, Inc. (MDAI) Reprices Public Warrants

Spectral AI (NASDAQ: MDAI) today announced the repricing of its 8,433,333 publicly-traded common share purchase warrants with an exercise price of $11.50 per share to $2.75 per share, effective following its twenty day notice requirement. The warrants currently trade on NASDAQ under the symbol MDAIW.

Pursuant to the terms of the Warrant Agreement, each warrant entitles the registered holder to purchase shares of common stock at the specified price, subject to adjustments outlined in the Warrant Agreement. The repricing was executed in accordance with the Company's discretion, as permitted under the Warrant Agreement, and applies uniformly to all outstanding warrants. The Company shall provide at least twenty (20) days prior written notice of such reduction to the registered holders of the Warrants.

If all of the warrants are exercised for cash, Spectral AI may receive up to an aggregate of approximately $23 million in net proceeds.

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