secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001213900-24-107873
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral AI faces Nasdaq delisting for failing $35M market value rule; hearing requested
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390024107873/0001213900-24-107873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390024107873/ea0224354-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-107873

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