MultiSensor AI Holdings, Inc. (MSAI), a provider of multi-sensor systems and software for industrial applications, has announced the resale of up to 5,300,000 shares of common stock by B. Riley Principal Capital II, LLC. The shares may be sold through various methods, including broker transactions and block trades. B. Riley Principal Capital II is considered an 'underwriter' and may use B. Riley Securities, Inc. as a broker for the resale. The shares were issued to B. Riley Principal Capital II pursuant to a Purchase Agreement, which also includes a commitment fee of 171,821 shares and a potential 'make-whole' cash payment to B. Riley Principal Capital II if resale proceeds fall below $500,000. The resale is part of a registration statement filed...Show More

MultiSensor AI Holdings, Inc. (MSAI), a provider of multi-sensor systems and software for industrial applications, has announced the resale of up to 5,300,000 shares of common stock by B. Riley Principal Capital II, LLC. The shares may be sold through various methods, including broker transactions and block trades. B. Riley Principal Capital II is considered an 'underwriter' and may use B. Riley Securities, Inc. as a broker for the resale. The shares were issued to B. Riley Principal Capital II pursuant to a Purchase Agreement, which also includes a commitment fee of 171,821 shares and a potential 'make-whole' cash payment to B. Riley Principal Capital II if resale proceeds fall below $500,000. The resale is part of a registration statement filed with the SEC, and the shares are listed on the Nasdaq under the symbol 'MSAI'. The resale follows MSAI's recent business combination and related financing transactions, which included the issuance of convertible notes and warrants. The company's financial statements for the years ending December 31, 2023, and 2022, have been audited by Deloitte & Touche LLP, with no material adjustments required.