MultiSensor AI (MSAI) Files for 5.05M Share Offering

MultiSensor AI (NASDAQ: MSAI) has filed for up to 5,050,505 share offering:

This is a public offering of shares of common stock, par value $0.0001 per share (“Common Stock”), of MultiSensor AI Holdings, Inc. We are offering 5,050,505 shares of our Common Stock. Our Common Stock is listed on The Nasdaq Capital Market under the symbol “MSAI.” On June 25, 2024, the closing price of our Common Stock on The Nasdaq Capital Market was $1.98 per share.

The offering is being underwritten on a firm commitment basis. We have granted the underwriters an option, exercisable by the underwriters any time and from time to time for 45 days, to purchase up to an additional 757,576 shares of Common Stock, representing 15% of the Common Stock sold in the offering (at an assumed public offering price of $1.98 per share of Common Stock, which is the last reported sales price of our Common Stock on The Nasdaq Capital Market on June 25, 2024), on the same terms and conditions set forth above solely to cover over-allotments.

For illustrative purposes only, we have assumed an offering price of $1.98 per share, and we will adjust the information in this prospectus based on the actual public offering price, the actual number of shares of Common Stock that we offer in this offering, and other terms of this offering detmined at pricing. The final public offering price of the shares of Common Stock in this offering will be determined through negotiation between us and the underwriters in the offering and the recent market price of our Common Stock used throughout this prospectus may not be indicative of the final offering price.

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