Spectral AI (NASDAQ:MDAIW) Shares Down 0% – Here’s What Happened

Spectral AI, Inc. (NASDAQ:MDAIWGet Free Report) was down 0% during mid-day trading on Thursday . The stock traded as low as $0.40 and last traded at $0.40. Approximately 3,331 shares were traded during trading, a decline of 87% from the average daily volume of 25,991 shares. The stock had previously closed at $0.4001.

Spectral AI Trading Up 6.6%

The company has a fifty day moving average price of $0.58 and a two-hundred day moving average price of $0.65.

About Spectral AI

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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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