Spectral AI Stock Jumps After $31.7 Million Funding Award - Spectral AI (NASDAQ:MDAI)
Published on March 19, 2026.
Spectral AI (NASDAQ:MDAI) shares have surged 8.33% following a $31.7 million funding award from the company. The award is immediate, non-dilutive funding and comes on top of the $54.9 million already committed under its existing BARDA contract. The company also plans to contribute an additional $9.7m towards the overall development costs associated with these advancements. The funding supports product development without issuing new shares and aligns with a key U.S. government agency.
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