MultiSensor AI amends $250K note conversion price to $5, issues 50,882 shares

MultiSensor AI Holdings, Inc.

Entered amendment with note holder of $250,000 principal; conversion price set at $5.00 per share (principal) and $10.00 (interest).
Holder converted the entire $250,000 note, resulting in issuance of 50,882 shares of common stock on May 10, 2024.
Previously, $6.555 million of original $6.805 million notes had already been converted.
Amendment approved by board to incentivize conversion of remaining note.

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