Infrared Cameras Holdings (MSAI) has released an update.
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MultiSensor AI Holdings, Inc. is facing a compliance issue with Nasdaq’s minimum Market Value of Listed Securities requirement after its market value fell below $50 million for 30 consecutive days. Although not immediately affecting its Nasdaq Global Market listing, the company must meet the $50 million threshold by August 12, 2024, to avoid delisting. The company can regain compliance if its market value exceeds $50 million for at least ten consecutive business days before the deadline. Possible outcomes include regaining compliance, delisting, or transferring to the Nasdaq Capital Market if criteria are met.
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