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Spectral AI

Closed (deSPAC)

Health Care · AI-powered medical diagnostics for wound imaging

What it is
MD Spectral MD is a predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care for burn, DFU, and future clinical applications
What it’s doing now
Merging with Rosecliff Acquisition Corp I (RCLF) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

MD Spectral MD is a predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care for burn, DFU, and future clinical applications. At Spectral MD, we are a dedicated team of forward-thinkers striving to revolutionize the management of wound care by “Seeing the Unknown” ® with our DeepView ® Wound Diagnostics System. The Company’s DeepView ® platform is the only predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound’s healing potential prior to treatment or other medical intervention. With algorithm-driven results that substantially exceed the current standard of care, Spectral MD’s diagnostic platform is expected to provide faster and more accurate treatment insight, significantly improving patient care and clinical outcomes. For more information, visit the Company at: www.spectralmd.com

Source: S-4/A, accession 0001213900-23-064711

What the company says about itself

Web research — not audited
What our web check found

[WEB-INTEL 2026-08-26] 11 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed transaction values Spectral MD at an estimated $170 million and is expected to be completed in Q3 this year" [https://dallasinnovates.com/dallas-based-spectral-md-set-to-trade-on-nasdaq-via-spac-merger-operate-as-spectral-ai/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023" [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Spectral AI's valuation in June 2021 was $98.23M" [https://www.cbinsights.com/company/spectral-md/financials] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Spectral AI's latest funding round was a PIPE - II for $2.7M on March 24, 2025" [https://www.cbinsights.com/company/spectral-md/financials] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Spectral AI has raised $280M in disclosed funding" [https://startupfundraising.com/founders/wensheng-fan] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "$54.9 million of funding" [https://finance.yahoo.com/news/spectral-ai-awarded-31-7-200500220.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Recently Awarded $31.7 Million of Funding from BARDA Reiterates. Q1 2026 was $4.0 million compared to $6.7 million, cash was $11.7 million" [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-ai-announces-2026-first-quarter-financial-results] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Spectral AI (MDAI) has received over $7.0 million in total non-dilutive government funding for the development of DeepView SnapShot M®" [https://www.stocktitan.net/news/MDAI/spectral-ai-awarded-additional-funding-from-medical-technology-ln3onat03ohi.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "RCLF is currently trading at $12.80, up $2.30" [https://www.rttnews.com/3355783/rosecliff-acquisition-jumps-21-as-spac-announces-merger-with-spectral-md-holdings.aspx] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The current market capitalization of Spectral AI is $49." [https://pitchbook.com/profiles/company/235005-49] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "As of 31-Mar-2026, Spectral AI has a trailing 12-month revenue of $16.9M" [https://pitchbook.com/profiles/company/235005-49] [WEB-INTEL 2026-08-26] 1 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023" [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/] [WEB-INTEL 2026-08-26] 1 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023, announces it has entered into a business combination agreement to combine with ..." [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/] [WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed transaction values Spectral MD at an estimated $170 million and is expected to be completed in Q3 this year, subject to customary ..." [https://dallasinnovates.com/dallas-based-spectral-md-set-to-trade-on-nasdaq-via-spac-merger-operate-as-spectral-ai/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023, announces it has entered into a business combination agreement to combine with ..." [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/] [WEB-INTEL 2026-08-29] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed transaction values Spectral MD at an estimated $170 million and is expected to be completed in Q3 this year" [https://dallasinnovates.com/dallas-based-spectral-md-set-to-trade-on-nasdaq-via-spac-merger-operate-as-spectral-ai/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023" [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/] [WEB-INTEL 2026-08-29] 1 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed Transaction is expected to be completed in Q3 2023" [https://investors.spectral-ai.com/news-releases/news-release-details/spectral-md-holdings-ltd-fda-breakthrough-designated-company/]

Source: company web presence · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Spectral AI is merging with Rosecliff Acquisition Corp I (RCLF) currently marked Closed (deSPAC).

Headline equity value—

How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Spectral AI going public?

Spectral AI has an approved merger with the SPAC Rosecliff Acquisition Corp I (RCLF). Deal status: Closed (deSPAC).

Does Spectral AI have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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