Spectral AI, Inc. announced on December 13, 2024, that it believes it has regained compliance with Nasdaq Listing Rule 5550(b)(2). This rule requires listed companies to maintain a minimum market value of listed securities of $35 million.
The company stated that its market value of common stock has exceeded $35 million at the close of trading for the last 10 consecutive business days, fulfilling a key requirement by Nasdaq rules. Spectral AI has notified Nasdaq of its compliance.
This development is significant as it addresses a potential delisting risk, providing greater stability and confidence for investors. The company is currently awaiting official confirmation from the exchange regarding its compliance status.
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