other_material
confidence high
sentiment neutral
materiality 0.65
Spectral AI raises $7.6M in offering of common stock, warrants, pre-funded warrants
Spectral AI, Inc.
- Sold 3,065,000 shares at $1.90, plus 4,000,000 warrants ($2.51 exercise) and 935,000 pre-funded warrants ($0.0001).
- Gross proceeds ~$7.6M; closed Oct 24, 2025; Northland Securities acted as placement agent (6% fee).
- Proceeds for working capital and general corporate purposes; funds DeepView System development and commercial readiness in 2026.
- Registration rights agreement requires filing Form S-3 within 10 days; stockholder approval needed for warrant shares.
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