BUZZ-Spectral AI rises after founder Michael DiMaio returns as chairman of board

Reuters

2024-10-15

** Shares of diagnostics company Spectral AI rise 7% to $1.23 in extended trading

** Co says founder and second-largest shareholder Michael DiMaio has been named chairman of the board of directors

** DiMaio founded MDAI in 2009, served as the company's CEO and chairman of the board from 2011 to 2020

** MDAI says board has authorized creation of the Office of the Chairman to support ongoing clinical development and commercialization of co's predictive AI platform, DeepView

** Adds current CEO Peter Carlson will step down to pursue other business opportunities

** Up to last close, stock down 53.3% YTD

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com))

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