ZombieHealthcare
What Happened to Spectral AI?
Ticker: MDAISPAC Year: 2021
Return
-82.8%
Current Price
$1
Peak Price
$19.5
Trust Size
$15M
Summary
Spectral AI develops AI-powered diagnostic tools for wound assessment, using its DeepView system to predict wound healing outcomes in burn and diabetic patients.
What Happened
Spectral AI went public through a SPAC merger with Rosecliff Acquisition Corp I. The company's DeepView technology uses multispectral imaging and AI to assess tissue viability in wounds, helping clinicians determine which injuries need surgical intervention. The technology has Department of Defense funding for military burn assessment. The stock has declined and the company has reported going concern warnings.
Timeline
2021-02-08
S-1 Registration Filed