---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-020182"
form_type: "8-K"
ticker: "MDAI"
cik: "0001833498"
company_name: "Spectral AI, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T15:11:54.407304+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spectral AI enters $5M equity purchase deal with Liqueous LP; initial draw of 500k shares at $1.80

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-020182
- form_type: 8-K
- ticker: MDAI
- cik: 0001833498
- company_name: Spectral AI, Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833498/000121390025020182/0001213900-25-020182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833498/000121390025020182/ea023265301-8k_spectral.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-020182
- JSON: https://secwatch.observer/filing/0001213900-25-020182.json
- Plain text: https://secwatch.observer/filing/0001213900-25-020182.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.