regulatory
confidence high
sentiment negative
materiality 0.75
Spectral AI alleges naked short selling inflated float >40%; requests Nasdaq, state probes
Spectral AI, Inc.
- Claims NOBO and OBO lists exceed total public float by over 40%, indicating naked short selling.
- Sent letters to Nasdaq and securities regulators in Florida, Texas, Louisiana seeking investigations.
- Inquiry led by board member and largest shareholder Erich Spangenberg.
- U.S. government has provided over $256 million in funding for Spectral AI's burn wound diagnostics device.
- Company states naked shorting violates SEC Regulation SHO and applicable state securities laws.