secwatch.observer — SEC 8-K summary
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Issuer:     Spectral AI, Inc. (MDAI)
CIK:        0001833498
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0001213900-25-102145
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/0001213900-25-102145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833498/000121390025102145/ea0262315-8k_spectral.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-102145

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