Core Viewpoint - Spectral AI, Inc. has announced a $7.6 million offering to support the growth and development of its DeepView System, aimed at enhancing medical diagnostics in wound care [1][3]. Financing Details - The offering consists of 4,000,000 shares of common stock and pre-funded warrants priced at $1.90 per share, with corresponding warrants having an exercise price of $2.51 per share [2]. Company Strategy and Development - The Chairman of the Board expressed satisfaction in securing institutional funding, which will facilitate the continued development of the DeepView System and prepare it for commercial readiness in 2026 [3]. - The company remains committed to its BARDA Project BioShield contract while advancing its AI technology to expand product offerings [3]. About the DeepView System - The DeepView System is designed to provide clinicians with an objective assessment of a burn wound's healing potential, aiming to improve patient outcomes and reduce healthcare costs [5]. - The system utilizes algorithm-driven results to exceed current standards of care in wound management [5].
Spectral AI raises $7.6 Million of Additional Growth Capital