IPO - MultiSensor AI Holdings, Inc.

Form Type: 424B5

Filing Date: 2025-03-28

Corporate Action: Ipo

Type: New

Accession Number: 000110465925029437

Filing Summary: MultiSensor AI Holdings, Inc. filed a prospectus supplement on March 28, 2025, indicating an offering of up to $8,625,000 in common stock through an at-the-market issuance sales agreement with B. Riley Securities, Inc. Under this agreement, shares may be sold over time and will have varying prices as they will be offered at market prices. B. Riley is acting as the sales agent, receiving a commission of 3.0% on gross sales price per share. The prospectus states that the current public float is approximately $25,971,359, calculated based on a last reported price of $1.57 per share as of February 18, 2025. The company cautions about the risks associated with investing in its securities and the potential volatility in share prices, and notes that it remains an 'emerging growth company', allowing it certain reporting reliefs. It also mentions that a merger was completed on December 19, 2023, changing its name from SportsMap Tech Acquisition Corp. to Infrared Cameras Holdings, Inc., before becoming MultiSensor AI Holdings, Inc. in February 2024. The common stock trades under the symbol 'MSAI' on The Nasdaq Capital Market.

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Form Type: S-3

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000110465925005644

Filing Summary: MultiSensor AI Holdings, Inc. filed a registration statement on Form S-3 with the SEC to sell up to $75,000,000 in various securities including common stock, preferred stock, debt securities, depositary shares, warrants, purchase contracts, and units. This registration statement allows the Company to offer securities on a delayed or continuous basis as permitted under Rule 415. The document provides detailed information regarding the proposed sale, indicating the plan to offer and sell securities from time to time after the effective date of the registration. The Company has a history of low income and may incur future losses. Additionally, there are significant risks associated with investing in their securities, including a history of losses and the need for future capital. The common stock trades on the Nasdaq under the symbol 'MSAI'. The last reported sale price was $1.62 per share.

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