---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-102145"
form_type: "8-K"
ticker: "MDAI"
cik: "0001833498"
company_name: "Spectral AI, Inc."
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:21:48.042992+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spectral AI raises $7.6M in offering of common stock, warrants, pre-funded warrants

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-102145
- form_type: 8-K
- ticker: MDAI
- cik: 0001833498
- company_name: Spectral AI, Inc.
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/0001213900-25-102145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/ea0262315-8k_spectral.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-102145
- JSON: https://secwatch.observer/filing/0001213900-25-102145.json
- Plain text: https://secwatch.observer/filing/0001213900-25-102145.txt

## Key facts
- Equity Issuances
  Spectral AI, Inc. issued 3,065,000 shares of common stock to a certain investor for $1.90 per Share.
  - Security: common stock
  - Shares: 3,065,000 shares
  - Purchaser: a certain investor
  - Consideration: $1.90 per Share
  source text: On October 22, 2025, Spectral AI, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with a certain investor (the “Investor”) for the sale of 3,065,000 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an offering price of $1.90 per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/0001213900-25-102145-index.htm
- Equity Issuances
  Spectral AI, Inc. issued pre-funded warrants to purchase up to 935,000 shares of our Common Stock of warrant to a certain investor for $1.8999 per Pre-Funded Warrant.
  - Security: warrant
  - Shares: pre-funded warrants to purchase up to 935,000 shares of our Common Stock
  - Purchaser: a certain investor
  - Consideration: $1.8999 per Pre-Funded Warrant
  source text: investor (the “Investor”) for the sale of 3,065,000 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an offering price of $1.90 per Share (such transaction, the “Offering”). The sale and issuance of the Shares is being made pursuant to the Company’s registration statement on Form S-3 (file number
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/0001213900-25-102145-index.htm
- Equity Issuances
  Spectral AI, Inc. issued warrants to purchase up to 4,000,000 shares of our Common Stock of warrant to a certain investor.
  - Security: warrant
  - Shares: warrants to purchase up to 4,000,000 shares of our Common Stock
  - Purchaser: a certain investor
  source text: in a concurrent private placement pursuant to the Purchase Agreement (the “Private Placement”), the Company agreed to sell to the Investor (i) warrants (the “Warrants”) to purchase up to 4,000,000 shares of our Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/0001213900-25-102145-index.htm

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