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  • Anti-dilution Provisions (new) — The warrants include price-based anti-dilution protection that could substantially increase share count and dilute existing stockholders.
NASDAQ: MDAI Spectral AI, Inc. 424B5

Spectral AI prices $5.8M registered direct offering at $1.90/share with concurrent warrant placement

Filed October 23, 2025 · ~1 min read

Key Changes

  • high

    Spectral AI is selling 3,065,000 shares at $1.90 per share, raising $5.8M gross and $5.1M net for the company.

    The Offering verify on EDGAR →
  • medium

    Net proceeds of $5.1M will be used for working capital and general corporate purposes.

    Use of Proceeds verify on EDGAR →
  • high

    Concurrent private placement includes warrants for 4,000,000 shares at $2.51 and pre-funded warrants for 935,000 shares at $0.0001.

    The Offering verify on EDGAR →

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify