Summary by Moomoo AI
On April 16, 2024, MultiSensor AI Holdings, Inc. (Infrared Cameras) entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, allowing for the potential issue of up to $25 million in new shares to B. Riley Principal Capital II. As part of the agreement, MultiSensor AI Holdings also filed a Registration Statement with the SEC, which was declared effective, enabling B. Riley Principal Capital II to resell the acquired shares. Additionally, MultiSensor AI Holdings issued 171,821 shares as a commitment fee to B. Riley Principal Capital II and may pay a cash make-whole payment of up to $500,000 if resale proceeds fall short of expectations. The agreement includes a Registration Rights Agreement, ensuring B. Riley Principal Capital II's ability to resell the shares. The closing price of MultiSensor AI Holdings' common stock was $2.50, and its warrants were $0.045 on April 17, 2024. The company is listed on The Nasdaq Global Market under the symbols 'MSAI' and 'MSAIW.'