An announcement from Spectral AI (MDAI) is now available.
A company has raised alarms over suspected market manipulation of its stock, particularly through illegal naked short selling. After examining its shareholder lists, the company found the combined total of shares greatly exceeded the available public float, suggesting that some institutional investors might be engaging in such activities. To address this, they have reported the irregularity to Nasdaq and state regulators in Texas, Florida, and Louisiana, initiating an inquiry led by a prominent board member and major shareholder.
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