Summary by Moomoo AI
On April 16, 2024, MultiSensor AI Holdings, Inc., also known as Infrared Cameras, announced the entry into a Common Stock Purchase Agreement and a related Registration Rights Agreement with B. Riley Principal Capital II, LLC. The agreement allows MultiSensor AI Holdings to sell up to $25 million of newly issued common stock to B. Riley Principal Capital II at its discretion, subject to certain conditions. The company has the right but not the obligation to direct B. Riley Principal Capital II to purchase shares at a price determined by a volume-weighted average price formula, with a 3.0% discount. The agreement also includes limitations on the number of shares that can be issued without stockholder approval and restrictions on B. Riley Principal Capital II...Show More