{"id":813925,"date":"2025-02-18T07:07:05","date_gmt":"2025-02-18T12:07:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-strengthens-financial-position-ahead-of-fda-submission\/"},"modified":"2025-02-18T07:07:05","modified_gmt":"2025-02-18T12:07:05","slug":"spectral-ai-strengthens-financial-position-ahead-of-fda-submission","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-strengthens-financial-position-ahead-of-fda-submission\/","title":{"rendered":"Spectral AI Strengthens Financial Position Ahead of FDA Submission"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">DALLAS, Feb.  18, 2025  (GLOBE NEWSWIRE) &#8212; <strong>Spectral AI (NASDAQ: MDAI) (\u201cSpectral AI\u201d or the \u201cCompany\u201d)<\/strong>, developer of the AI-driven DeepView<sup>\u00ae<\/sup> System, which received Breakthrough Device Designation from the U.S. Food and Drug Administration (\u201cFDA\u201d) in 2018 and uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the satisfaction of its final remaining obligations under the Company\u2019s debt facility with Yorkville Advisors. The Company retains access to additional financing of up to $17.5 million under an existing standby equity purchase agreement.<\/p>\n<p align=\"justify\">\u201cI am pleased to share this milestone as we continue advancing toward our FDA submission and work to bring our technology to burn care institutions across the U.S.,\u201d said Dr. J. Michael DiMaio, MD, Chairman of the Board at Spectral AI.<\/p>\n<p>\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> System. The DeepView<sup>\u00ae<\/sup> System is a predictive device that offers clinicians an objective and immediate assessment of a burn 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, the DeepView<sup>\u00ae<\/sup> System 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 the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZOmiFw3RjxJIdxmZGG8_ix-9E7iRSY5SIBR8ngURm6zx1UkeSg4SfKnvTSDkJPnU\" rel=\"nofollow\" target=\"_blank\">DeepView<\/a><sup>\u00ae<\/sup> System, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qcGLdZ5Qn_CXdkoO814-1wcU3q_w7snGPg2SHCOg7UrCULaSfYFOZQUU5OX8Z3ntR3k4l60UulgF1oj1s08FMSICedPsv3vGJp9JssyZqfU=\" rel=\"nofollow\" target=\"_blank\">www.spectral-ai.com<\/a>.<\/p>\n<p>\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 strategy, plans, objectives, initiatives and financial outlook. 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. 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.<\/p>\n<p>\n        <strong><br \/>\n          <u>For Media and Investor Relations, please contact<\/u><br \/>\n        <\/strong>:<\/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: <u>dk@atlcp.com<\/u><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTY2MyM2NzU0NTkwIzIyNjA4MzA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzBkNTdhZWEtYzM5Zi00NjczLWE5ZTAtYWE2MTIzMWRjOTJiLTEyNzIzODA=\/tiny\/Spectral-AI-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DALLAS, Feb. 18, 2025 (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. Food and Drug Administration (\u201cFDA\u201d) in 2018 and uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the satisfaction of its final remaining obligations under the Company\u2019s debt facility with Yorkville Advisors. The Company retains access to additional financing of up to $17.5 million under an existing standby equity purchase agreement. \u201cI am pleased to share this milestone as we continue advancing toward our FDA submission and work to bring our technology to burn care institutions across the U.S.,\u201d said Dr. J. Michael DiMaio, MD, Chairman &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-strengthens-financial-position-ahead-of-fda-submission\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spectral AI Strengthens Financial Position Ahead of FDA Submission&#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-813925","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spectral AI Strengthens Financial Position Ahead of FDA Submission - 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-strengthens-financial-position-ahead-of-fda-submission\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectral AI Strengthens Financial Position Ahead of FDA Submission - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DALLAS, Feb. 18, 2025 (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. Food and Drug Administration (\u201cFDA\u201d) in 2018 and uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the satisfaction of its final remaining obligations under the Company\u2019s debt facility with Yorkville Advisors. The Company retains access to additional financing of up to $17.5 million under an existing standby equity purchase agreement. \u201cI am pleased to share this milestone as we continue advancing toward our FDA submission and work to bring our technology to burn care institutions across the U.S.,\u201d said Dr. J. 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The Company retains access to additional financing of up to $17.5 million under an existing standby equity purchase agreement. \u201cI am pleased to share this milestone as we continue advancing toward our FDA submission and work to bring our technology to burn care institutions across the U.S.,\u201d said Dr. J. 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