{"id":794849,"date":"2024-12-13T11:56:52","date_gmt":"2024-12-13T16:56:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-comments-on-compliance-with-nasdaq-listing-rule-5550b2\/"},"modified":"2024-12-13T11:56:52","modified_gmt":"2024-12-13T16:56:52","slug":"spectral-ai-comments-on-compliance-with-nasdaq-listing-rule-5550b2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-comments-on-compliance-with-nasdaq-listing-rule-5550b2\/","title":{"rendered":"Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">DALLAS, Dec.  13, 2024  (GLOBE NEWSWIRE) &#8212; Spectral AI (NASDAQ: MDAI) (\u201cSpectral AI\u201d or the \u201cCompany\u201d), developer of the AI-driven DeepView<sup>\u00ae<\/sup> System, which received Breakthrough Device Designation from the U.S. FDA in 2018, that uses multi-spectral imaging and algorithms to predict burn healing potential, today announced today that the Company believes it has regained compliance with Nasdaq Listing Rule 5550(b)(2), which requires listed companies to maintain a minimum market value of listed securities of $35 million.<\/p>\n<p align=\"justify\">The market value of Spectral AI\u2019s common stock has exceeded $35 million at the close of trading for the last 10 consecutive business days, as required by Nasdaq rules. The company has notified Nasdaq of its compliance and is awaiting confirmation from the exchange.<\/p>\n<p align=\"justify\">\n        <strong>About Spectral AI<\/strong>\n      <\/p>\n<p align=\"justify\">Spectral AI, Inc. is a Dallas-based predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications involving patients with burns and diabetic foot ulcers. The Company is working to revolutionize the management of wound care by \u201cSeeing the Unknown<sup>\u00ae<\/sup>\u201d with its DeepView<sup>\u00ae<\/sup>\u00a0System. DeepView is a predictive device that offers clinicians an objective and immediate assessment of a wound\u2019s healing potential prior to treatment or other medical intervention. With algorithm-driven results and a goal of exceeding the current standard of care in the future, DeepView is expected to provide faster and more accurate treatment insight towards value care by improving patient outcomes and reducing healthcare costs. For more information about DeepView, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=R-TYm3LJRU2sbtNZJugnFBrEdr9xecaAPY10dmUsJldCSC8nLeMmfjMi9BUMs5jGc6lVJT113KHyQgJjxOJVJdomGnE_2qEfDLu46cMzpHYrl3glAPBnGMEh61Vt1tHHD9kXrgIQGEVtg8xjvfu_WCJ_nWdL88H3lWee4n0vbLu_bRLte4tmna3RnizzSIgnQUni7dgXKD9Abr93C5SSd0CHC0Cgm4nqynrH5nGFhhY2uqwvei8uji4x-BV5-aFoCXrqdzz6iuviy1rBBraJ-5th43iUwJQ7qq_1o-ihF_DlVPPVXUuTsvo66lV8ph8cvbN36-keWxSu5QyBIBAZx8wgdTbtzJYSo0rg9_PmQcfIdN2aDbnAwe8hYA24LlQRhUMMK4bmJGxn6xjfOlvfvJQ5En-LHm4Uk2lUTAVqRK7ofreJiEB00e_HIOZUa1fx2RY-kaQlFDP9sguDP-GQzBwEDwEJyOb6gPyQxHt_NmM=\" rel=\"nofollow\" target=\"_blank\">www.spectral-ai.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements made in this release are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995, including statements regarding the Company\u2019s intention to separate its Spectral IP subsidiary from the Company, and each Company\u2019s strategy, plans, objectives, initiatives, strategic goals, financial outlook or other non-historical matters. When used in this press release, the words \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.<\/p>\n<p align=\"justify\">These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. As such, readers are cautioned not to place undue reliance on any forward-looking statements.<\/p>\n<p align=\"justify\">Investors should carefully consider the foregoing factors and the other risks and uncertainties described in the \u201cRisk Factors\u201d sections of the Company\u2019s filings with the SEC, including the Registration Statement and the other documents filed by the Company. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Spectral AI undertakes no obligation to update any forward-looking statements except as otherwise required by law.<\/p>\n<p>For Media and Investor Relations, please contact:<\/p>\n<p>David Kugelman<br \/>Atlanta Capital Partners LLC<br \/>(866) 692-6847 Toll Free &#8211; U.S. &amp; Canada<br \/>(404) 281-8556 Mobile and WhatsApp<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GiW7vLk1wX3kfEqjRkmpc6PW9exrwEb8LfWKz_5djoYLNxd1gJ5-xI-zLbhoM_2mXcTujmi6ex7a19E2ILixbg==\" rel=\"nofollow\" target=\"_blank\">dk@atlcp.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxOTA4NSM2NjM2OTY0IzIyNjA4MzA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/N2IxNjNjMzMtNzNlZC00NGQ5LTkyZWUtNDk3MGZmODE2OGNiLTEyNzIzODA=\/tiny\/Spectral-AI-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DALLAS, Dec. 13, 2024 (GLOBE NEWSWIRE) &#8212; Spectral AI (NASDAQ: MDAI) (\u201cSpectral AI\u201d or the \u201cCompany\u201d), developer of the AI-driven DeepView\u00ae System, which received Breakthrough Device Designation from the U.S. FDA in 2018, that uses multi-spectral imaging and algorithms to predict burn healing potential, today announced today that the Company believes it has regained compliance with Nasdaq Listing Rule 5550(b)(2), which requires listed companies to maintain a minimum market value of listed securities of $35 million. The market value of Spectral AI\u2019s common stock has exceeded $35 million at the close of trading for the last 10 consecutive business days, as required by Nasdaq rules. The company has notified Nasdaq of its compliance and is awaiting confirmation from the exchange. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-comments-on-compliance-with-nasdaq-listing-rule-5550b2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794849","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-comments-on-compliance-with-nasdaq-listing-rule-5550b2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DALLAS, Dec. 13, 2024 (GLOBE NEWSWIRE) &#8212; Spectral AI (NASDAQ: MDAI) (\u201cSpectral AI\u201d or the \u201cCompany\u201d), developer of the AI-driven DeepView\u00ae System, which received Breakthrough Device Designation from the U.S. FDA in 2018, that uses multi-spectral imaging and algorithms to predict burn healing potential, today announced today that the Company believes it has regained compliance with Nasdaq Listing Rule 5550(b)(2), which requires listed companies to maintain a minimum market value of listed securities of $35 million. The market value of Spectral AI\u2019s common stock has exceeded $35 million at the close of trading for the last 10 consecutive business days, as required by Nasdaq rules. 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The market value of Spectral AI\u2019s common stock has exceeded $35 million at the close of trading for the last 10 consecutive business days, as required by Nasdaq rules. 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