share_log

424B3: Prospectus

SEC announcement ·  Apr 19 04:03
Summary by Futu AI
On April 16, 2024, MultiSensor AI Holdings, Inc. (Infrared Cameras) entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, allowing for the potential issue of up to $25 million in new shares to B. Riley Principal Capital II. As part of the agreement, MultiSensor AI Holdings also filed a Registration Statement with the SEC, which was declared effective, enabling B. Riley Principal Capital II to resell the acquired shares. Additionally, MultiSensor AI Holdings issued 171,821 shares as a commitment fee to B. Riley Principal Capital II and may pay a cash make-whole payment of up to $500,000 if resale proceeds fall short of expectations. The agreement includes a Registration Rights Agreement, ensuring B. Riley Principal Capital II's ability to resell the shares. The closing price of MultiSensor AI Holdings' common stock was $2.50, and its warrants were $0.045 on April 17, 2024. The company is listed on The Nasdaq Global Market under the symbols 'MSAI' and 'MSAIW.'
On April 16, 2024, MultiSensor AI Holdings, Inc. (Infrared Cameras) entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, allowing for the potential issue of up to $25 million in new shares to B. Riley Principal Capital II. As part of the agreement, MultiSensor AI Holdings also filed a Registration Statement with the SEC, which was declared effective, enabling B. Riley Principal Capital II to resell the acquired shares. Additionally, MultiSensor AI Holdings issued 171,821 shares as a commitment fee to B. Riley Principal Capital II and may pay a cash make-whole payment of up to $500,000 if resale proceeds fall short of expectations. The agreement includes a Registration Rights Agreement, ensuring B. Riley Principal Capital II's ability to resell the shares. The closing price of MultiSensor AI Holdings' common stock was $2.50, and its warrants were $0.045 on April 17, 2024. The company is listed on The Nasdaq Global Market under the symbols 'MSAI' and 'MSAIW.'
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