Spectral AI, Inc. (MDAIW) Warrant
Each MDAIW warrant gives the holder the right to buy 1 share of Spectral AI, Inc. at $2.75 per share, until September 11, 2028. The stock last closed at $1.66, below the strike, so the warrant is out of the money. Spectral AI, Inc. has a market value of about $53.43M. There are 8.43M listed warrants; exercising all of them would add 26.2% to the 32.18M shares outstanding. The company can call the warrants if the stock trades at or above $10.00.
MDAI vs strike, last 12 months
No share-price history for MDAI yet.
Key terms
- Strike per share
- $2.75
- Shares per warrant
- 1
- Cash to exercise one warrant
- $2.75
- Expiry
- 2028-09-11
- Redemption trigger
- $10.00
- Cashless exercise
- allowed
- Break-even stock price
- $3.34
From the issuer's S-1/A (2024-01-23).
Company and stock
- Company
- Spectral AI, Inc.
- Underlying stock
- MDAI
- Share price
- $1.66
- Market cap
- $53.43M
- Shares outstanding
- 32.18M
- Value of all listed warrants
- $4.99M (9.3% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-11). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.5916
- Price / model
Get Pro to see whether MDAIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 32.18M
- Listed warrants
- 8.43M
- Dilution if all exercised
- 26.2%
Warrant count from filing iXBRL: PublicWarrantsMember.
Filings and events
Questions about MDAIW
When does the MDAIW warrant expire?
MDAIW expires on September 11, 2028.
What is the strike price of MDAIW?
$2.75 per share; each warrant converts into 1 share, so exercising one warrant costs $2.75.
Can Spectral AI, Inc. redeem the MDAIW warrants early?
Yes. The company can call them if the share price reaches $10.00 for the required period (usually 20 of 30 trading days).
How many MDAIW warrants are outstanding?
8.43M listed warrants, equal to 26.2% dilution if all are exercised.