Spectral AI, Inc. (MDAI): Nasdaq/NYSE listing notice — Spectral AI faces Nasdaq delisting for failing $35M market value rule; hearing requested

Spectral AI, Inc.

Nasdaq notified Spectral AI on Dec. 5, 2024 that common stock (MDAI) will be delisted for failing to maintain minimum $35M market value of listed securities by Dec. 2, 2024.
Company timely requested a hearing before Nasdaq Listing Qualifications Panel, which automatically stays delisting pending a final decision.
Spectral AI currently has market capitalization above $35M and believes it can regain compliance within the extended period if granted.
There is no assurance the Panel will grant an extension beyond the 180-day cure period ending December 2, 2024.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Spectral AI, Inc. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

December 5, 2024, the Company received a letter from Nasdaq notifying it that the Company’s Common Stock would be subject to delisting from the Nasdaq Stock Market unless the Company timely requested a hearing before the Nasdaq Listing Qualifications Panel (the “Panel”). Based on the foregoing, the Company has requested a hearing before the Panel, at which it will present its plan of compliance and request an extension of time. The Panel has the discretion to grant the Company up to 180 calendar days from December 2, 2024, to regain compliance. This request will automatically stay any delistin

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Spectral AI, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-107873

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