other material
confidence high
sentiment neutral
materiality 0.65
Spectral AI enters $5M equity purchase deal with Liqueous LP; initial draw of 500k shares at $1.80
Spectral AI, Inc.
- Securities purchase agreement allows up to $5M in common stock sales to Liqueous LP over six-month commitment period.
- On Dec 12, 2024, investor delivered purchase notice for 500,000 shares at $1.80 per share (~$0.9M).
- Pricing for additional draws is the lower of prior day close or 5-day VWAP, subject to 4.99% beneficial ownership limit.
- Company must maintain sufficient registered shares; late delivery triggers 4% daily penalty up to 10 business days.
- Filing dated March 4, 2025, reports agreement entered Nov 18, 2024, and first draw Dec 12, 2024.