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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 is a medical AI company developing wound care diagnostics that use AI to provide faster and more accurate treatment decisions. The company went public via SPAC merger in 2022.
What Happened
Spectral AI went public via SPAC in 2022. The company has continued developing its AI-powered wound diagnostic platform but has burned cash and raised additional capital through dilutive offerings. The stock trades at low single digits. It was misclassified as bankrupt.
Timeline
2021-02-08
S-1 Registration Filed