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:  0001213900-25-020183
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025020183/0001213900-25-020183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025020183/ea023265302-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-020183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer