QualityStocksNewsBreaks – MultiSensor AI Holdings Inc. (NASDAQ: MSAI) Closes on Multimillion-Dollar Public, Private Offerings
MultiSensor AI (NASDAQ: MSAI), 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…
