Spectral AI Has Provided Support To Nasdaq And The State Securities Authorities In Florida, Louisiana And Texas To Bring To Their Attention Potential Market Manipulation Of The Co's Common Stock, Primarily In The Form Of Naked Short Selling
Portfolio Pulse from Benzinga Newsdesk
Spectral AI, Inc. (NASDAQ:MDAI) has alerted Nasdaq and state securities authorities in Florida, Louisiana, and Texas about potential market manipulation of its common stock, specifically naked short selling. The inquiry is led by Erich Spangenberg, a board member and the largest shareholder.
June 24, 2024 | 12:16 pm
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Spectral AI has reported potential market manipulation of its common stock to Nasdaq and state securities authorities, focusing on naked short selling. This action is led by Erich Spangenberg, a board member and the largest shareholder.
The company's proactive approach to addressing potential market manipulation could instill confidence among investors, potentially leading to a positive short-term impact on the stock price. The involvement of a significant shareholder and board member adds credibility to the inquiry.
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