{"id":828832,"date":"2025-03-24T07:34:06","date_gmt":"2025-03-24T11:34:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/"},"modified":"2025-03-24T07:34:06","modified_gmt":"2025-03-24T11:34:06","slug":"spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/","title":{"rendered":"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">DALLAS, March  24, 2025  (GLOBE NEWSWIRE) &#8212; Spectral AI, Inc. (NASDAQ: MDAI) (&#8220;Spectral AI&#8221; or the &#8220;Company&#8221;), a leading developer of the AI-driven DeepView\u00ae System, which uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the successful completion of a debt financing agreement of up to $15.0 million in funding from Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, with an initial draw down of $8.5 million. In connection with this debt financing, the Company also raised $2.7 million of equity financing from institutional as well as existing investors. With total cash on hand now of over $14 million and potential access to additional debt of $6.5 million, Spectral AI is able to accelerate its product commercialization efforts, including the upcoming U.S. launch of its DeepView System.<\/p>\n<p align=\"justify\">The term of the financing agreement is for three years, with an interest-only payment period of no less than 15 months, which can be extended to 24 months upon achieving the milestones laid out in the second financing tranche. The second financing tranche, which is contingent upon FDA clearance of the DeepView System, includes an additional $6.5 million in debt financing and a $7.0 million equity raise to be completed by the Company. \u00a0\u00a0 The financing also includes warrant coverage equal to 8.5% of the total funding commitment from Avenue Capital Group, with an exercise price of $1.80 per share.\u00a0\u00a0 As part of the financing, the Company has agreed to a market standstill with no additional stock sales by the Company for a period of at least six months. SP Angel Corporate Finance LLP acted as the sole placement agent for the participation of existing UK investors. Dominari Securities LLC acted as the sole placement agent for U.S. investors.<\/p>\n<p align=\"justify\">\u201cThis significant financing provides Spectral AI with the resources necessary to finalize our commercialization efforts and bring our cutting-edge DeepView System across the finish line to the U.S. market,\u201d said Dr. J. Michael DiMaio, M.D., Chairman of the Board of Directors of Spectral AI. \u201cWe are excited to be working with Avenue Capital and expect the partnership to provide long-term benefits to the Company. This supports our efforts to bring our technology to market and transform the way healthcare providers predict burn wound healing potential and ultimately improve patient outcomes.\u201d<\/p>\n<p align=\"justify\">\u201cWe have been impressed with the clinical data generated by Spectral AI\u2019s DeepView System and we believe it will offer significant benefits to burn victims in the future,\u201d said Chad Norman, Senior Portfolio Manager at Avenue Capital Group.<\/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. The Company is working to revolutionize the management of wound care by \u201cSeeing the Unknown\u00ae\u201d with its DeepView\u00ae System. The DeepView\u00ae System is being developed as a predictive device to offer 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\u00ae System is expected to provide fast and accurate treatment insight towards value care by improving patient outcomes and reducing healthcare costs. For more information about the DeepView\u00ae System, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T2NU24rLOWpcHC88mb9QXY1-7JEpgROshie9m94Fvqe4LZcNEvJTYvmaOKdXGPY-my85kgNf1xpQo7rb-EpMz0ynHwEOCxhxHYablXZWS6I=\" 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 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><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Rank_KKz_XgPvz81NDqBnHQaUZVmbmLoGHrovd1fB3ojVMHr8fGSw9mWB-eZic3GcIXh645G460jBiD6RiLEQA==\" rel=\"nofollow\" target=\"_blank\">dk@atlcp.com<\/a><\/u><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5OTE1NSM2ODE5Mzk1IzIyNjA4MzA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MmFmMTExYmUtYTdhNC00ZjlmLTkyNmMtYzk0NjgxODQyMjJjLTEyNzIzODAtMjAyNS0wMy0yNC1lbg==\/tiny\/Spectral-AI-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DALLAS, March 24, 2025 (GLOBE NEWSWIRE) &#8212; Spectral AI, Inc. (NASDAQ: MDAI) (&#8220;Spectral AI&#8221; or the &#8220;Company&#8221;), a leading developer of the AI-driven DeepView\u00ae System, which uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the successful completion of a debt financing agreement of up to $15.0 million in funding from Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, with an initial draw down of $8.5 million. In connection with this debt financing, the Company also raised $2.7 million of equity financing from institutional as well as existing investors. With total cash on hand now of over $14 million and potential access to additional debt of $6.5 million, Spectral AI is able &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization&#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-828832","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization - 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-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DALLAS, March 24, 2025 (GLOBE NEWSWIRE) &#8212; Spectral AI, Inc. (NASDAQ: MDAI) (&#8220;Spectral AI&#8221; or the &#8220;Company&#8221;), a leading developer of the AI-driven DeepView\u00ae System, which uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the successful completion of a debt financing agreement of up to $15.0 million in funding from Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, with an initial draw down of $8.5 million. In connection with this debt financing, the Company also raised $2.7 million of equity financing from institutional as well as existing investors. With total cash on hand now of over $14 million and potential access to additional debt of $6.5 million, Spectral AI is able &hellip; Continue reading &quot;Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-24T11:34:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5OTE1NSM2ODE5Mzk1IzIyNjA4MzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization\",\"datePublished\":\"2025-03-24T11:34:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/\"},\"wordCount\":814,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM5OTE1NSM2ODE5Mzk1IzIyNjA4MzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\\\/\",\"name\":\"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization - 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(NASDAQ: MDAI) (&#8220;Spectral AI&#8221; or the &#8220;Company&#8221;), a leading developer of the AI-driven DeepView\u00ae System, which uses multi-spectral imaging and AI algorithms to predict burn healing potential, today announced the successful completion of a debt financing agreement of up to $15.0 million in funding from Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, with an initial draw down of $8.5 million. In connection with this debt financing, the Company also raised $2.7 million of equity financing from institutional as well as existing investors. With total cash on hand now of over $14 million and potential access to additional debt of $6.5 million, Spectral AI is able &hellip; Continue reading \"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-24T11:34:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5OTE1NSM2ODE5Mzk1IzIyNjA4MzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization","datePublished":"2025-03-24T11:34:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/"},"wordCount":814,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5OTE1NSM2ODE5Mzk1IzIyNjA4MzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/spectral-ai-raises-up-to-15-million-of-debt-financing-and-strengthens-financial-position-for-u-s-commercialization\/","name":"Spectral AI Raises up to $15 Million of Debt Financing and Strengthens Financial Position for U.S. Commercialization - 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