MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) announced on October 24, 2025 that it has entered into a securities purchase agreement to raise gross proceeds of approximately $14 million through a private placement of 34,229,829 shares of common stock and warrants to purchase 68,459,658 shares of common stock or equivalents, all priced at $0.409 per share.
The company will use the net proceeds to fund working capital and general corporate purposes, including accelerating strategic growth initiatives and further development of its MSAI Connect platform, the AI‑powered predictive maintenance solution that underpins its SaaS transformation.
The initial closing of the offering, representing gross proceeds of about $2.8 million, is expected on October 27, 2025, with the remaining portion scheduled to close in December 2025 contingent on stockholder approval. The securities are exempt from registration under Regulation D, and MSAI will file a registration statement with the SEC to register the resale of the shares and warrants.
This financing comes amid ongoing liquidity challenges for MSAI, providing much-needed capital while also introducing dilution risk for existing shareholders as the company continues to shift toward a recurring‑revenue SaaS model.
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