Spectral AI Issues Common Stock & Redeemable Warrants

TL;DR

**Spectral AI just issued new stock and warrants, watch for potential dilution.**

AI Summary

On February 5, 2024, Spectral AI, Inc. filed an 8-K to disclose the issuance of common stock and redeemable warrants. This filing indicates that the company issued common stock with a par value of $0.0001 per share and redeemable warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share. This matters to investors because it signals potential dilution from new share issuance and provides details on the terms of the warrants, which could impact future share price if exercised.

Why It Matters

This filing provides transparency on new equity instruments issued by Spectral AI, which could lead to share dilution and impact the stock's valuation if warrants are exercised.

Risk Assessment

Risk Level: medium — The issuance of new equity and warrants introduces potential dilution for existing shareholders, which is a moderate risk.

Analyst Insight

Investors should monitor the volume and timing of warrant exercises, as significant exercise could dilute existing share value. Evaluate the company's cash needs and how this capital raise fits into their overall strategy.

Key Numbers

• $0.0001 — Common Stock Par Value (The par value per share of the newly issued common stock.)
• $11.50 — Warrant Exercise Price (The price at which each whole redeemable warrant can be exercised for one share of common stock.)

Key Players & Entities

• Spectral AI, Inc. (company) — registrant
• $0.0001 (dollar_amount) — par value per share of common stock
• $11.50 (dollar_amount) — exercise price per share for redeemable warrants
• February 5, 2024 (date) — date of earliest event reported

Forward-Looking Statements

• The exercise of these warrants could lead to an increase in the number of outstanding shares. (Spectral AI, Inc.) — high confidence, target: N/A

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share MDAI The Nasdaq Stock Mar
• $11.50 — f Common Stock, at an exercise price of $11.50 per share MDAIW The Nasdaq Stock Ma

Filing Documents

• ea192822-8k_spectralai.htm (8-K) — 31KB
• ea192822ex99-1_spectralai.htm (EX-99.1) — 25KB
• ex99-1_001.jpg (GRAPHIC) — 101KB
• ex99-1_002.jpg (GRAPHIC) — 1KB
• ex99-1_003.jpg (GRAPHIC) — 2KB
• 0001213900-24-009894.txt ( ) — 423KB
• mdai-20240205.xsd (EX-101.SCH) — 4KB
• mdai-20240205_def.xml (EX-101.DEF) — 26KB
• mdai-20240205_lab.xml (EX-101.LAB) — 36KB
• mdai-20240205_pre.xml (EX-101.PRE) — 25KB
• ea192822-8k_spectralai_htm.xml (XML) — 6KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On February 5, 2024, the Company provided a shareholder letter which provides updates on the operations of the Company and expectations for 2024. A copy of the shareholder letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The furnishing of the shareholder letter is not an admission as to the materiality of any information therein. The information contained in the shareholder letter is summary information that is intended to be considered in the context of more complete information included in the Company's filings with the U.S. Securities and Exchange Commission (the " SEC ") and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures. The information in this Item 7.01 to this Current Report on Form 8-K, and in Exhibit 99.1 furnished herewith, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Shareholder Letter, dated February 5, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 5, 2024 SPECTRAL AI, INC. By: /s/ Wensheng Fan Name: Wensheng Fan Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR