Spectral AI Inc Files Prospectus Relates To Offer, Sale Of Up To 3.25M Shares Of Common Stock By B. Riley Principal Capital II, LLC
Portfolio Pulse from Benzinga Newsdesk
Spectral AI Inc has filed a prospectus related to the offering and sale of up to 3.25 million shares of its common stock by B. Riley Principal Capital II, LLC, according to Reuters.
January 05, 2024 | 9:46 pm
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Spectral AI Inc, which may be referred to as MDAI, has filed a prospectus for the sale of up to 3.25 million shares by B. Riley Principal Capital II, LLC.
The filing of a prospectus for the sale of a significant number of shares often indicates potential dilution for existing shareholders. This can lead to downward pressure on the stock price in the short term as the market anticipates an increase in the supply of shares available for trading.
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