---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-020183"
form_type: "8-K"
ticker: "MDAI"
cik: "0001833498"
company_name: "Spectral AI, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T15:12:49.529470+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Spectral AI enters $5M registered direct offering with Liqueous LP at $1.38/share

## Summary
- Sold 920,000 common shares and pre-funded warrants for 725,000 shares at $1.38 per unit.
- Pre-funded warrants exercisable at $0.001 per share, immediately upon issuance.
- Aggregate commitment up to $5M; investor has option to buy additional shares up to that amount.
- Investor granted right of first refusal on future equity offerings until commitment is satisfied.
- Offering priced at at-the-market value; 20% price decline triggers mutual repricing consent.

## SEC filing metadata
- accession: 0001213900-25-020183
- 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: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833498/000121390025020183/0001213900-25-020183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833498/000121390025020183/ea023265302-8k_spectral.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-020183
- JSON: https://secwatch.observer/filing/0001213900-25-020183.json
- Plain text: https://secwatch.observer/filing/0001213900-25-020183.txt

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