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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
December 23, 2024
SPECTRAL
AI, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40058 |
|
85-3987148 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
2515 McKinney Avenue, Suite 1000
Dallas, Texas |
|
75201 |
(Address of principal executive offices) |
|
(Zip Code) |
(972) 499-4934
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbols |
|
Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
|
MDAI |
|
The Nasdaq Stock Market LLC |
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock, at an exercise price of $11.50 per share |
|
MDAIW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01. Regulation FD Disclosure.
On December 23, 2024, the Company issued a press
release announcing confirmation of the Company’s compliance with its Nasdaq Listing Requirements, a copy of which is furnished as
Exhibit 99.1 to this Current Report on Form 8-K.
The Company announced that on December 20, 2024,
the Company received a “moot” letter from Nasdaq confirming that the Company has regained compliance with all applicable listing
standards for its continued listing on the Nasdaq Capital Market and that a further hearing regarding the Company’s compliance is
no longer necessary.
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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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: December 23, 2024
|
SPECTRAL AI, INC. |
|
|
|
By: |
/s/ J. Michael DiMaio |
|
Name: |
Dr. J. Michael DiMaio |
|
Title: |
Chairman |
2
Exhibit 99.1
Spectral AI Announces
Confirmation of Compliance of its Nasdaq Listing Requirements
DALLAS, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Spectral
AI (NASDAQ: MDAI) (“Spectral AI” or the “Company”), developer of the AI-driven DeepView® System, which
received Breakthrough Device Designation from the U.S.FDA in 2018, that uses multi-spectral imaging and algorithms to predict burn
healing potential, is pleased to announce that on December 20, 2024 the Company received a “moot” letter from Nasdaq
confirming that the Company has regained compliance with all applicable listing standards for its continued listing on the Nasdaq
Capital Market and that a further hearing regarding the Company’s compliance is no longer necessary.
“I am thrilled to announce that we
continue to successfully meet our Nasdaq’s compliance standards,” said Dr. Michael DiMaio, Chairman of Spectral
AI’s Board of Directors. “This confirmation reflects our team’s hard work and commitment. We are equally excited
about the progress we are making towards our submission to the FDA, as we continue to innovate and strive for excellence in serving
our stakeholders and the medical community.”
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 the management of wound care 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 towards 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 Kugelman
Atlanta Capital Partners LLC
(866) 692-6847 Toll Free - U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
Email: dk@atlcp.com
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