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CompletedNasdaq

Spectral AI, Inc.MDAI

Class A MDAIWarrants MDAIWCIK 0001833498

Cash in trust

$4.7M

$4,725,481

Trust per share

Redemption value

IPO

Feb 2021

$6.5M raised

Combination deadline

Not disclosed

Filings on record

296

Latest Sep 15, 2026

Business combination

Target
Not disclosed in an indexed filing
Announced
Nov 10, 2021
Closed
Sep 15, 2023

Overview

Spectral AI, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001833498. It completed its initial public offering in Feb 2021, raising $6.5M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker MDAI, warrants under MDAIW on Nasdaq. Business combination closed; the company trades under a new ticker.

News on Spectral AI, Inc.

Last 90 days

Nothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.

SEC filing history

Free tier: filings older than 24 hours
  • 8-K

    Regulation FD disclosure

    Items 7.01, 9.01 · Accession 0001213900-26-100119

    Sep 15, 2026

    1d ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-099719

    Sep 14, 2026

    2d ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-090782

    Aug 17, 2026

    1mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001578621-26-000145

    Aug 14, 2026

    1mo ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 2.02, 7.01, 9.01 · Accession 0001213900-26-088341

    Aug 12, 2026

    1mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-087764

    Aug 11, 2026

    1mo ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 5.02, 7.01, 9.01 · Accession 0001213900-26-076349

    Jul 8, 2026

    2mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-073099

    Jun 29, 2026

    2mo ago

    Open filing
  • 8-K

    Submission of matters to a vote of security holders; Regulation FD disclosure

    Items 5.07, 7.01, 9.01 · Accession 0001213900-26-063486

    Jun 1, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-063478

    Jun 1, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-061594

    May 27, 2026

    3mo ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 7.01, 9.01 · Accession 0001213900-26-061008

    May 26, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-059506

    May 20, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-058497

    May 18, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-058413

    May 18, 2026

    4mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-055226

    May 12, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001393825-26-000028

    May 8, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-048148

    Apr 27, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-048115

    Apr 27, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-048114

    Apr 27, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-048113

    Apr 27, 2026

    4mo ago

    Open filing
  • 8-K

    Current report

    Items 5.02, 9.01 · Accession 0001213900-26-046405

    Apr 22, 2026

    4mo ago

    Open filing
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001213900-26-044638

    Apr 16, 2026

    5mo ago

    Open filing
  • DEF 14A

    Definitive proxy statement

    Accession 0001213900-26-044635

    Apr 16, 2026

    5mo ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 5.02, 7.01, 9.01 · Accession 0001213900-26-041479

    Apr 8, 2026

    5mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-041015

    Apr 7, 2026

    5mo ago

    Open filing
  • PRE 14A

    PROXY STATEMENT

    Accession 0001213900-26-040489

    Apr 6, 2026

    5mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-040446

    Apr 6, 2026

    5mo ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 2.02, 7.01, 9.01 · Accession 0001213900-26-034047

    Mar 25, 2026

    5mo ago

    Open filing
  • 10-K

    Annual report

    Accession 0001213900-26-033808

    Mar 25, 2026

    5mo ago

    Open filing

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Spectral AI, Inc.: questions answered

What is Spectral AI, Inc. (MDAI)?

Spectral AI, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001833498. It completed its initial public offering in Feb 2021, raising $6.5M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker MDAI, warrants under MDAIW on Nasdaq. Business combination closed; the company trades under a new ticker.

How much does Spectral AI, Inc. hold in trust?

Approximately $4,725,481, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Spectral AI, Inc. complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Spectral AI, Inc. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Spectral AI, Inc., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Spectral AI, Inc. trade under?

Class A shares trade as MDAI on Nasdaq, and the warrants as MDAIW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Spectral AI, Inc.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

Is Spectral AI, Inc. tradeable, and where?

Yes. MDAI returned a live quote of $1.59 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Spectral AI, Inc. a good investment?

That is not a question this site answers. Spectral AI, Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Spectral AI, Inc. data come from?

Filings Spectral AI, Inc. submitted to the SEC under CIK 0001833498: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 17, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.