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 proceeds from the offering totaled $11.5 million before underwriting discounts, commissions and offering expenses are deducted. In addition, the company closed the private offering and sale of 2,772,561 shares of its common stock. Gross proceeds from the private offering totaled an estimated $15 million before the deduction of placement agent fees and other estimated offering expenses. Roth Capital Partners acted as Sole Book-Running Manager for both the public and private offerings.

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About MultiSensor AI Holdings Inc.

MultiSensor AI provides turnkey condition-based maintenance and process control solutions, which combine cutting-edge imaging and sensing technologies with AI-powered enterprise software. Powered by AWS, MSAI’s software leverages a continuous stream of data from thermal-imaging, visible-imaging, acoustic-imaging, vibration-sensing and laser-sensing devices to provide comprehensive, real-time condition monitoring for a customer’s critical assets, processes and manufactured outputs. This full-stack solution measures heat, vision, vibration and gas in the surrounding environment, helping companies gain predictive insights to better manage their asset reliability and manufacturing processes. MSAI Cloud and MSAI Edge software solutions are deployed by customers to protect critical assets across a wide range of industries including distribution and logistics, manufacturing, utilities, and oil and gas. For more information about the company, please visit www.MultiSensorAI.com

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