secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001213900-23-077038
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.06, 9.01, 5.02, 3.03, 4.01, 5.01, 5.03, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral AI completes business combination with Spectral MD; begins trading on Nasdaq Sept 12
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- Business Combination closed Sept 11; RCLF renamed Spectral AI, Inc.; common stock and warrants trade on Nasdaq as MDAI and MDAIW.
- 178,231 shares redeemed at ~$10.38/share; 15,688,268 shares outstanding post-close.
- Pre-Closing Financing raised $3.351M from qualified institutional buyers and accredited investors.
- Top shareholders: ELS 1960 Family 26.51%, John Michael DiMaio 15.79%, directors/officers 11.54%, Sponsor 5.8%.
- Directors and executive officers named: Wensheng Fan, Michael P. Murphy, Jeffrey Thatcher, among others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390023077038/0001213900-23-077038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390023077038/ea185228-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-077038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer