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8-K: Current report

SEC announcement ·  Jun 5 04:18
Summary by Futu AI
On June 3, 2024, MultiSensor AI Holdings, Inc. (MSAI), a leader in AI-powered industrial maintenance and process control, announced it has regained compliance with Nasdaq's continued listing criteria. The company had previously been noncompliant with Nasdaq's listing standards for The Nasdaq Global Market. Following an appeal and a hearing with a Nasdaq Hearings Panel, MSAI was granted a transfer to The Nasdaq Capital Market after demonstrating sufficient stockholders' equity on a pro forma basis in its Quarterly Report for the quarter ended March 31, 2024. The report, filed on May 15, 2024, showed actual stockholders' equity of $1,361,000, but subsequent capital transactions increased this figure to over the required $2.5 million. With this compliance, MSAI will be removed from Nasdaq's noncompliance list and will be monitored by a Mandatory Panel through June 3, 2025. The company's successful appeal concludes its efforts to maintain its listing status, as detailed in a press release and an 8-K filing with the SEC.
On June 3, 2024, MultiSensor AI Holdings, Inc. (MSAI), a leader in AI-powered industrial maintenance and process control, announced it has regained compliance with Nasdaq's continued listing criteria. The company had previously been noncompliant with Nasdaq's listing standards for The Nasdaq Global Market. Following an appeal and a hearing with a Nasdaq Hearings Panel, MSAI was granted a transfer to The Nasdaq Capital Market after demonstrating sufficient stockholders' equity on a pro forma basis in its Quarterly Report for the quarter ended March 31, 2024. The report, filed on May 15, 2024, showed actual stockholders' equity of $1,361,000, but subsequent capital transactions increased this figure to over the required $2.5 million. With this compliance, MSAI will be removed from Nasdaq's noncompliance list and will be monitored by a Mandatory Panel through June 3, 2025. The company's successful appeal concludes its efforts to maintain its listing status, as detailed in a press release and an 8-K filing with the SEC.
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