Spectral AI (MDAI) said Tuesday it has repriced about 8.4 million warrants with an exercise price of $11.50 per share to $2.75 per share, effective following its 20-day notice requirement.
If all warrants are exercised for cash, the company said it could potentially receive up to about $23 million in net proceeds.
Shares of Spectral AI were up more than 7% in recent trading.
Price: 1.41, Change: +0.10, Percent Change: +7.25
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