secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001213900-24-055133
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral AI alleges naked short selling inflated float >40%; requests Nasdaq, state probes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390024055133/0001213900-24-055133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390024055133/ea0208312-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-055133

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