Spectral IP, a provider IP-related financing and monetization services spun out of Spectral AI, announced terms for its IPO on Thursday.
The Dallas, TX-based company plans to raise $15 million by offering 3.8 million shares at $4.
Spectral IP is focused on intellectual property (IP)-related transactions, operating as a manager of IP assets focused on IP-based financing, investment, and monetization opportunities. It is primarily focused on the US, Europe, and Asia. The company is currently a subsidiary of Spectral AI (Nasdaq: MDAI), which went public via SPAC in 2023. Spectral IP has not generated any revenues to date.
Spectral IP was founded in 2024 and plans to list on the Nasdaq under the symbol SMIP. Dominari Securities and Revere Securities are the joint bookrunners on the deal.
