Summary by Futu AI
MultiSensor AI Holdings, Inc., previously known as Infrared Cameras Holdings, Inc., has announced an ongoing public offering of common stock and a concurrent private placement transaction set for June 2024. The company, based in Beaumont, Texas, is offering 5,050,505 shares of common stock on the Nasdaq Capital Market under the ticker symbol MSAI, with an additional 757,576 shares for over-allotment. The assumed offering price is $1.98 per share, based on the closing price as of June 25, 2024. Underwriters are operating on a firm commitment basis and have been granted an option for over-allotment. Alongside the public offering, MultiSensor AI Holdings has executed a securities purchase agreement with a private investor for a $15.0 million investment, contingent upon the success of the public offering. The...Show More