Spectral AI, Inc. (MDAI): Nasdaq/NYSE listing notice — Rosecliff Acquisition Corp I receives Nasdaq delisting notice for MVLS and equity shortfalls

Spectral AI, Inc.

Nasdaq notice on April 3, 2023 for failure to meet $35M Market Value of Listed Securities (MVLS) over 30 consecutive business days.
Also non-compliant with Listing Rules 5550(b)(1) and (b)(3) due to stockholders' equity below $2.5M or insufficient net income.
Company has 180 days, until October 2, 2023, to regain compliance with Nasdaq Capital Market requirements.
Compliance can be achieved if MVLS closes at $35M or more for at least 10 consecutive business days.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Spectral AI, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)

Exact text from the filing

April 3, 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(b)(2), due to the Company’s failure to meet the minimum $35 million Market Value of Listed Securities (“MVLS”) requirement for the Nasdaq Capital Market. The Staff based the review of the Company’s MVLS on the last 30 consecutive business days (February 17, 2023 to March 31, 2023) and determined a deficiency exists with regards

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8 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Spectral AI, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-016737

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