Jul. 7 at 3:04 PM
$MDAI Buried within that July 3 filing, a hint of what the spin off ratio might be?
The Company has utilized and plans to continue to utilize equity raises and other related party funding arrangements, as primary source of liquidity to support operations. In addition, on March 18, 2025, the Company entered into subscription agreements (“Pre-IPO Subscription Agreements”) with multiple investors. The investors purchased 1,680,060 shares of common stock and for each share of common stock purchased in relation to the Pre-IPO Subscription Agreements, the Company issued one-half (1/2) share of common stock, for a total of 840,030 shares, subject to a lock-up agreement, for an aggregate purchase price of
$6,720,240. The Company closed on this transaction on March 26, 2025.