MultiSensor AI Holdings, Inc. - Common Stock (MSAI)

HOUSTON, TX / ACCESSWIRE / January 6, 2025 / MultiSensor AI Holdings, Inc. ("MultiSensor AI," "MSAI" or "Company") (Nasdaq:MSAI), a pioneer in the emerging industrial AI-driven condition-based maintenance and process solution industry, today announced additional changes to its management team to further align with the Company's strategic growth objectives.

Leadership Changes to Further Advance Growth Strategy and Execution Objectives

Capital raise strengthens the Company's balance sheet positioning the Company for future growth and investment in innovation.

Founder of Kentucky Thermal Institute Expects to Drive Demand for Inspection Services and Predictive Maintenance Solutions

Expands MSAI's geographic presence and expected to accelerate both companies' growth in enterprise solutions

Seek Thermal Customers Now Able to Leverage MultiSensor AI's Leading Condition-Based Monitoring (CBM) Software

HOUSTON, TX / ACCESSWIRE / August 27, 2024 / MultiSensor AI Holdings, Inc. (NASDAQMSAI), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, announced today that it will be attending the H.C. Wainwright 26th Annual Global Investment Conference on September 9-11, 2024, at the Lotte New York Palace Hotel in New York City.

Important milestone towards improving financial reporting, internal controls and operational procedures

Second quarter revenue grew 59% as the Company continues to scale operations

Strong top-line expansion and balance sheet improvements support the foundation for further growth

MultiSensor AI (NASDAQMSAI), a pioneer in artificial intelligence (“AI”)-powered industrial condition-based maintenance and process control solutions, has closed on a firm commitment public offering. The offering is comprised of 6,250,000 shares of common stock at a public offering price of $1.60 per share, less the underwriting discount. According to the announcement, MultiSensor AI also granted the underwriters a 45-day option to purchase up to 937,500 additional shares. The shares were offered at the public offering price after the deduction of an underwriting discount to cover overallotments; the option was exercised in full and closed with the public offering. Gross proceeds from the offering totaled $11.5 million before underwriting discounts, commissions and offering expenses are deducted. In addition, the company closed the private offering and sale of 2,772,561 shares of its common stock. Gross proceeds from the private offering totaled an estimated $15 million before the deduction of placement agent fees and other estimated offering expenses. Roth Capital Partners acted as Sole Book-Running Manager for both the public and private offerings.

BEAUMONT, TX / ACCESSWIRE / July 1, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI) ("MSAI" or the "Company"), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, today announced the closing of a firm commitment public offering of 6,250,000 shares of its common stock at a public offering price of $1.60 per share less the underwriting discount. The Company granted the underwriters a 45-day option to purchase up to 937,500 additional shares of common stock at the public offering price less an underwriting discount to cover over-allotments, which option was exercised in full and closed contemporaneous with the closing of the public offering. The gross proceeds from the public offering (including the proceeds from the exercise of the over-allotment option) were $11.5 million before deducting underwriting discounts, commissions and offering expenses.

BEAUMONT, TX / ACCESSWIRE / June 28, 2024 / MultiSensor AI Holdings, Inc. (NASDAQMSAI) ("MSAI" or the "Company"), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, today announced the pricing of a firm commitment public offering of 6,250,000 shares of its common stock at a public offering price of $1.60 per share. The gross proceeds of the offering are expected to be approximately $10 million before deducting underwriting discounts, commissions and offering expenses. The offering is expected to close on July 1, 2024, subject to satisfaction of customary closing conditions.

The conversion fortifies the balance sheet, while improving the capital structure by eliminating a significant portion of its debt obligations

Completed business combination with SportsMap Tech Acquisition Corp. and began trading on December 20, 2023

The event will mark MSAI's first investor-facing event as a public entity

Revolutionary Predictive Maintenance and Process Control Solution Adds New Sensor Modalities and AI-Powered Analytics Capabilities

HOUSTON, TX and REDMOND, WA / ACCESSWIRE / June 14, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI), a leader in the emerging AI-driven predictive maintenance space, today announced that it has entered into a formal Strategic Channel Partner relationship with Denali Advanced Integration ("Denali"). Since its formation in 1992, Denali has been a leading provider of Information Technology (IT) and Operational Technology (OT) end-to-end solutions for enterprise clients around the world.

HOUSTON, TX / ACCESSWIRE / June 4, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI, MSAIW), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, today announced that it received written notification from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company has demonstrated compliance with the Nasdaq continued listing criteria. Accordingly, the Company will be removed from the list of companies published by Nasdaq that are noncompliant with its continued listing standards.

HOUSTON, TX / ACCESSWIRE / April 18, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI), a leader in the emerging AI-driven predictive maintenance space, today announced that it has reorganized its thermal inspections services into a newly launched multi-sensor business, MSAI Inspection Services.

NEW YORK, NY / NewsDirect / April 4th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive evaluation of MultiSensor AI Holdings Inc. a pioneer in AI-powered industrial maintenance and process control solutions.

HOUSTON, TX / ACCESSWIRE / March 7, 2024 / MultiSensor AI Holdings, Inc. (NASDAQMSAI), a leader in the emerging AI-driven predictive maintenance space, today announced that it had entered into an agreement (the "Earnout Waiver Agreement") to terminate a provision of its Business Combination Agreement (the "Earnout Provision") with SportsMap Tech Acquisition Corp., dated December 5, 2022. The Earnout Provision would have required the Company to issue of up to 2,400,000 shares of the Company's common stock to certain former stakeholders of Infrared Cameras Holdings, Inc., the target operating company that was party to the business combination. The Earnout Provision was contingent on the future achievement of certain triggering events. The Earnout Waiver Agreement, cancelling the Earnout Provision, is effective as of March 7, 2024.

Name Change Reflects Evolution into SaaS Leader in Industrial Predictive Maintenance