NCM: Served as Sole Placement Agent for Spectral AI, Inc.’s PIPE Offering March 28, 2024 DALLAS, March 20, 2024 (GLOBE NEWSWIRE) — Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced that it has entered into a fixed price prepaid advance and standby equity purchase agreement (“SEPA”) with a long-only investor. Total capacity under the SEPA is $30.0 million, consisting of a prepaid advance of $12.5 million, $5.0 million of which was funded today with a fixed conversion price of $3.16. Any additional draws above the prepaid advances are at the sole discretion of the Company. Northland Capital Markets advised the Company and acted as the sole placement agent. Learn more: Spectral AI’s Press Release (March 20, 2024)
