---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-004438"
form_type: "8-K"
ticker: "MDAI"
cik: "0001833498"
company_name: "Spectral AI, Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:17:01.413538+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Rosecliff Acquisition Corp I receives Nasdaq deficiency notice after 98.2% stock redemption, faces potential delisting

## Summary
- Notice on Jan 22, 2023 for non-compliance with Nasdaq Rule 5550(a)(4) due to insufficient publicly held shares.
- Stockholders redeemed 24,841,284 shares (~98.2% of Class A common stock) at Dec 21, 2022 special meeting.
- Company has until March 9, 2023 to submit a plan to regain compliance.
- If plan not accepted, company may appeal before Nasdaq Hearings Panel.
- Failure to regain compliance could lead to delisting from Nasdaq.

## SEC filing metadata
- accession: 0001140361-23-004438
- form_type: 8-K
- ticker: MDAI
- cik: 0001833498
- company_name: Spectral AI, Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833498/000114036123004438/0001140361-23-004438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833498/000114036123004438/brhc10047554_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-004438
- JSON: https://secwatch.observer/filing/0001140361-23-004438.json
- Plain text: https://secwatch.observer/filing/0001140361-23-004438.txt

## Key facts
- Listing & Compliance Notices
  Spectral AI, Inc. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5550(a)(4)
  source text: January 22, 2023, Rosecliff Acquisition Corp I (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5550(a)(4), due to the Company’s failure to meet the minimum 500,000 publicly held shares requirement for the Nasdaq Capital Market. The Notice is only a notification of deficiency, not of imminent delisting. The Notice states that the Company has until March 9, 2023 to submit a plan to achieve and sustain compliance with all Nas
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833498/000114036123004438/0001140361-23-004438-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.