Spectral AI Announces Repricing of its Public Warrants
26 Novembre 2024 - 4:17PM
Spectral AI (NASDAQ: MDAI) (“Spectral AI” or the “Company”), an
artificial intelligence (AI) company focused on revolutionizing
medical diagnostics to enable faster, more accurate treatment
decisions in wound care, today announced the repricing of its
8,433,333 publicly-traded common share purchase warrants with an
exercise price of $11.50 per share to $2.75 per share, effective
following its twenty day notice requirement. The warrants currently
trade on NASDAQ under the symbol MDAIW.
Pursuant to the terms of the Warrant Agreement,
each warrant entitles the registered holder to purchase shares of
common stock at the specified price, subject to adjustments
outlined in the Warrant Agreement. The repricing was executed in
accordance with the Company's discretion, as permitted under the
Warrant Agreement, and applies uniformly to all outstanding
warrants. The Company shall provide at least twenty (20) days prior
written notice of such reduction to the registered holders of the
Warrants.
If all of the warrants are exercised for cash,
Spectral AI may receive up to an aggregate of approximately $23
million in net proceeds.
About Spectral AI
Spectral AI, Inc. is a Dallas-based predictive
AI company focused on medical diagnostics for faster and more
accurate treatment decisions in wound care, with initial
applications involving patients with burns and diabetic foot
ulcers. The Company is working to revolutionize wound care
management by "Seeing the Unknown®" with its DeepView® System.
DeepView is a predictive device that offers clinicians an objective
and immediate assessment of a wound's healing potential prior to
treatment or other medical intervention. With algorithm-driven
results and a goal of exceeding the current standard of care in the
future, DeepView is expected to provide faster and more accurate
treatment insight toward value care by improving patient outcomes
and reducing healthcare costs. For more information about DeepView,
visit www.spectral-ai.com.
Forward-Looking Statements
Certain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995, including statements regarding the
Company’s intention to separate its Spectral IP subsidiary from the
Company, and each Company’s strategy, plans, objectives,
initiatives, strategic goals, financial outlook or other
non-historical matters. When used in this press release, the words
“estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,”
“future,” “propose” and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements.
These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Company’s control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. As such, readers are cautioned not to place undue
reliance on any forward-looking statements.
Investors should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” sections of the Company’s filings with the
SEC, including the Registration Statement and the other documents
filed by the Company. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Spectral AI undertakes no obligation to
update any forward-looking statements except as otherwise required
by law.
For Media and Investor Relations, please contact:
David KugelmanAtlanta Capital Partners LLC(866) 692-6847 Toll
Free - U.S. & Canada(404) 281-8556 Mobile and WhatsAppEmail:
dk@atlcp.com
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