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Spectral AI Secures $7.6 Million Funding for Expansion

Story Highlights
  • Spectral AI raised $7.6 million through a securities purchase agreement to develop its DeepView System.
  • The funding supports Spectral AI’s goal for commercial readiness by 2026 and advances its AI technology.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Spectral AI Secures $7.6 Million Funding for Expansion

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Spectral AI ( (MDAI) ) has shared an update.

On October 22, 2025, Spectral AI, Inc. entered into a securities purchase agreement with an investor to sell 3,065,000 shares of its common stock at $1.90 per share, raising approximately $7.6 million. This funding will support the expansion and development of its DeepView System, with the company aiming for commercial readiness by 2026. The transaction also included the issuance of warrants and pre-funded warrants, and Northland Capital Markets acted as the exclusive placement agent. The proceeds are intended for working capital and general corporate purposes, and the company remains committed to advancing its AI-powered technology and supporting its BARDA Project BioShield contract.

The most recent analyst rating on (MDAI) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Spectral AI stock, see the MDAI Stock Forecast page.

Spark’s Take on MDAI Stock

According to Spark, TipRanks’ AI Analyst, MDAI is a Neutral.

Spectral AI shows significant revenue growth and strategic technological developments, yet faces substantial financial challenges with negative profitability and high leverage. Technical indicators suggest bearish momentum, and the valuation appears unattractive due to the negative P/E ratio. The earnings call presents a mixed outlook, highlighting achievements but also projecting revenue declines, contributing to a cautious overall assessment.

To see Spark’s full report on MDAI stock, click here.

More about Spectral AI

Spectral AI, Inc. is a Dallas-based predictive AI company specializing in medical diagnostics aimed at enhancing treatment decisions in wound care, particularly for burn patients. The company is developing the DeepView System, a predictive device designed to provide clinicians with immediate and objective assessments of burn wounds’ healing potential, thereby improving patient outcomes and reducing healthcare costs.

Average Trading Volume: 525,853

Technical Sentiment Signal: Hold

Current Market Cap: $59.88M

Learn more about MDAI stock on TipRanks’ Stock Analysis page.

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