Infrared Cameras Holdings (MSAI) has shared an update.
MultiSensor AI Holdings, Inc. successfully completed a public offering and private placement in early July 2024, raising a total of $15 million before fees and expenses. The public offering saw the sale of 6.25 million shares at $1.60 each, with underwriters exercising an option for additional shares, and the private placement involved both shares and pre-funded warrants, priced similarly. The transactions prompted the appointment of Daniel M. Friedberg to the company’s board and the establishment of a new finance committee, signifying strategic corporate governance enhancements in line with the company’s growth objectives.
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