Rosecliff Acquisition Corp I Stock Price, News & Analysis

Spectral MD Holdings has received a $4 million award from the Medical Technology Enterprise Consortium (MTEC) to advance the development of its AI-driven handheld DeepView technology for military battlefield burn evaluations. This funding is non-dilutive and builds on a previous $1.1 million award from the U.S. Department of Defense. The DeepView SnapShot M aims to facilitate quick and accurate triage of burn injuries, enhancing battlefield medical responses. This award raises the company’s total government funding commitments to nearly $130 million. CEO Wensheng Fan emphasizes the technology's potential to transform wound care in remote and emergency settings while preparing for FDA submission for the burn indication.

Spectral MD, an AI company specializing in predictive medical diagnostics, has announced a business combination with Rosecliff Acquisition Corp I (NASDAQ: RCLF), valuing the combined entity at an estimated $170 million. This transaction aims to enhance Spectral MD's capital access, facilitating commercialization of its DeepView AI Wound Diagnostics platform in the U.S., EU, and U.K. The deal is projected to generate gross proceeds exceeding $20 million and is expected to finalize in Q3 2023. Spectral MD has received over $125 million in non-dilutive federal contracts for its technology. The company anticipates significant federal procurement contracts and plans to pursue FDA and CE mark submissions in the coming years.

Gett has appointed Runli Guo as the new Chief Information Security Officer (CISO), based in London. This strategic move underscores Gett's commitment to enhancing its cyber security as it scales its ground transportation management platform, currently used by around 25% of Fortune 500 companies. The ground transportation market is valued at over $100 billion annually, and Gett aims to disrupt this sector by improving security across its network of over 2,000 transportation providers. Runli brings over 15 years of global experience in cyber security, particularly in leveraging big data analytics.

Gett has released a Forrester Consulting Total Economic Impact (TEI) study revealing a potential return on investment (ROI) of 162% and overall savings of 29% for a UK-based government non-profit client utilizing its Ground Transportation Management platform. The client saved approximately $74,000 over three years, with significant savings in ride costs, improved travel policy compliance, and reduced processing times. Gett plans to combine with Rosecliff Acquisition Corp I (NASDAQ: RCLF), further enhancing its market position.

Gett, a leading corporate Ground Transportation Management (GTM) platform, has announced the anticipated addition of Ruth Sun to its board of directors following its business combination with Rosecliff Acquisition Corp I (RCLF). With over 25 years of experience in scaling SaaS companies, Sun aims to leverage her expertise to enhance Gett's growth trajectory in a $100 billion market. Gett serves more than a quarter of Fortune 500 companies, optimizing ground transportation spend through a cloud-based platform that aggregates over 2,000 fleet partners. The business combination is set to establish Gett as a public company.

Gett, a leader in corporate Ground Transportation Management (GTM), has expanded its network to over 2,000 fleet partners, offering clients access to more than 3.2 million vehicles. This growth reflects a strong demand from enterprise clients. Gett operates in a market valued at over $100 billion and serves over a quarter of Fortune 500 companies. Its cloud-based platform aggregates various transportation providers, potentially saving businesses up to 49% on ground transportation costs. The company is pursuing a business combination with Rosecliff Acquisition Corp I, expected to enhance growth opportunities.