secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001213900-25-020182
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025020182/0001213900-25-020182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025020182/ea023265301-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-020182

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