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424B3: Prospectus

SEC announcement ·  Jun 6 01:21
Summary by Futu AI
On June 4, 2024, MultiSensor AI Holdings, Inc., known on the Nasdaq as Infrared Cameras with ticker symbols MSAI for its common stock and MSAIW for its warrants, announced its compliance with Nasdaq's continued listing criteria. The company, which specializes in AI-powered industrial maintenance and process control solutions, had previously been at risk of noncompliance with Nasdaq's listing standards. However, after an appeal and a hearing with a Nasdaq Hearings Panel, the company successfully demonstrated compliance by showing over $2.5 million in stockholders' equity on a pro forma basis, following capital transactions post-March 31, 2024. This achievement was confirmed in a Quarterly Report filed on May 15, 2024. As a result, MultiSensor AI will be removed from Nasdaq's noncompliance list and will be monitored by a Mandatory Panel through June 3, 2025. The company's stock closed at $2.13, and its warrants at $0.0495 on June 4, 2024.
On June 4, 2024, MultiSensor AI Holdings, Inc., known on the Nasdaq as Infrared Cameras with ticker symbols MSAI for its common stock and MSAIW for its warrants, announced its compliance with Nasdaq's continued listing criteria. The company, which specializes in AI-powered industrial maintenance and process control solutions, had previously been at risk of noncompliance with Nasdaq's listing standards. However, after an appeal and a hearing with a Nasdaq Hearings Panel, the company successfully demonstrated compliance by showing over $2.5 million in stockholders' equity on a pro forma basis, following capital transactions post-March 31, 2024. This achievement was confirmed in a Quarterly Report filed on May 15, 2024. As a result, MultiSensor AI will be removed from Nasdaq's noncompliance list and will be monitored by a Mandatory Panel through June 3, 2025. The company's stock closed at $2.13, and its warrants at $0.0495 on June 4, 2024.
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