Spectral ai announces receipt of $1 million of financing for spectral ip, inc., its intellectual property subsidiary focused on the broader artificial intelligence ecosystem

Dallas, march 19, 2024 (globe newswire) -- spectral ai, inc. (nasdaq: mdai) (“spectral ai” or the “company”), an artificial intelligence (ai) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced it has received a $1 million investment from an affiliate of its largest shareholder into its recently formed subsidiary spectral ip, inc. (“spectral ip”). the investment is structured as a note payable with a one-year maturity, an interest rate of 8%, and requiring earlier prepayment if spectral ip is spun off to the company's shareholders or sold.
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