other
confidence high
sentiment negative
materiality 0.50
Spectral AI continues push for Nasdaq probe into alleged naked short selling; cites 40% excess shares on NOBO/OBO list
Spectral AI, Inc.
- Board member and largest shareholder Erich Spangenberg leads the inquiry, sending a follow-up letter to Nasdaq on July 15, 2024.
- Company states combined NOBO & OBO list as of May 28, 2024, exceeds MDAI float by over 40%, verified with Broadridge.
- Letter notes MDAI regularly appears on failure-to-deliver list and alleges naked shorting is prevalent in de-SPAC companies.
- Spangenberg requests a meeting with Nasdaq CEO Adena Friedman on July 17-19; prior June 24 letter received no response.