Shares of Spectral AI, Inc. (NASDAQ:MDAIW – Get Free Report) were down 4.3% during trading on Friday . The stock traded as low as $0.45 and last traded at $0.45. Approximately 2,730 shares traded hands during trading, a decline of 85% from the average daily volume of 18,255 shares. The stock had previously closed at $0.47.
Spectral AI Stock Down 4.3%
The stock’s 50 day moving average price is $0.47 and its 200-day moving average price is $0.64.
Spectral AI Company Profile
Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.
The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.
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