MultiSensor AI Holdings, Inc. (MSAI), listed on The Nasdaq Capital Market, has announced an ongoing public offering of 4,672,897 shares of common stock at an assumed price of $2.14 per share, based on the closing price as of June 14, 2024. The offering is on a firm commitment basis, with underwriters having a 45-day option to purchase additional shares to cover over-allotments. Concurrently, MSAI has entered into a private placement transaction with a PIPE Investor for $15.0 million, which is expected to close alongside the public offering. This transaction will result in the PIPE Investor acquiring approximately 27.4% of MSAI's voting power. MSAI, an emerging growth and smaller reporting company, plans to use the net proceeds for general corporate purposes, including the expansion of production and sales capabilities. Investors are advised to consider the high degree of risk associated with MSAI securities, as detailed in the prospectus' 'Risk Factors' section.

MultiSensor AI Holdings, Inc. (MSAI), listed on The Nasdaq Capital Market, has announced an ongoing public offering of 4,672,897 shares of common stock at an assumed price of $2.14 per share, based on the closing price as of June 14, 2024. The offering is on a firm commitment basis, with underwriters having a 45-day option to purchase additional shares to cover over-allotments. Concurrently, MSAI has entered into a private placement transaction with a PIPE Investor for $15.0 million, which is expected to close alongside the public offering. This transaction will result in the PIPE Investor acquiring approximately 27.4% of MSAI's voting power. MSAI, an emerging growth and smaller reporting company, plans to use the net proceeds for general corporate purposes, including the expansion of production and sales capabilities. Investors are advised to consider the high degree of risk associated with MSAI securities, as detailed in the prospectus' 'Risk Factors' section.