MultiSensor AI Announces Investor Agreements for the Conversion of $6.555 Million Convertible Debt to Equity [Yahoo! Finance]
MultiSensor AI Holdings, Inc. (MSAI)
Company Research
Source: Yahoo! Finance
BEAUMONT, TX / ACCESSWIRE / May 3, 2024 / MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), a pioneer in AI-powered industrial predictive maintenance and process control solutions, today announced the conversion of $6,555,000 of its convertible notes to equity. Following the transaction, $250,000 of the $6,805,000 of notes originally issued in connection with the Company's business combination on December 19, 2023, remain outstanding. David Gow, MultiSensor AI's chairman, commented, "We are very pleased to have completed the conversion of the notes to equity, and view it as a significant strategic action as we embark on our growth efforts. The conversions immediately strengthen our balance sheet, eliminating both near-term cash expenses in addition to other long-term obligations. Additionally, these transactions serve as a momentous strategic achievement, as we can now allocate more resources and time to the expansion of the business. Further, we believe that the conversions reflect inv
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- MultiSensor AI Announces Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
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MSAI
Sec Filings
- 9/25/24 - Form 4
- 9/25/24 - Form SC
- 9/19/24 - Form 4
- MSAI's page on the SEC website