---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-016737"
form_type: "8-K"
ticker: "MDAI"
cik: "0001833498"
company_name: "Spectral AI, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:59:50.539659+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rosecliff Acquisition Corp I receives Nasdaq delisting notice for MVLS and equity shortfalls

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-016737
- form_type: 8-K
- ticker: MDAI
- cik: 0001833498
- company_name: Spectral AI, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833498/000114036123016737/0001140361-23-016737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833498/000114036123016737/brhc10051102_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-016737
- JSON: https://secwatch.observer/filing/0001140361-23-016737.json
- Plain text: https://secwatch.observer/filing/0001140361-23-016737.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833498/000114036123016737/0001140361-23-016737-index.htm

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