MultiSensor AI raises $26.5M in public offering and private placement; board appoints Daniel Friedberg

MultiSensor AI Holdings, Inc.

Public offering raised $11.5M gross (6.25M shares at $1.60 plus fully exercised 937,500-share over-allotment).
Private placement with 325 Capital: 2.77M shares at $1.60 and 6.60M pre-funded warrants at $1.5999; gross proceeds $15M.
Pre-funded warrants have $0.0001 exercise price, exercisable only after stockholder approval, no redemption clause.
Board size increased to seven; Daniel Friedberg (325 Capital) appointed to board and compensation, nominating, and new finance committees.
New finance committee of four independent directors created; any single director may call special board meetings.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Daniel M. Friedberg

Director

MSAI · MultiSensor AI Holdings, Inc.

Effective: 2024-07-01
Filed: July 1, 2024, 7:59 PM ET

On July 1, 2024, in connection with the closing of the Private Placement and in accordance with the Purchase Agreement, Board unanimously voted to increase the size of the Board from six to seven directors, and to appoint Mr. Daniel M. Friedberg to fill the newly created Board position, to serve until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel M. Friedberg was appointed as Director at MultiSensor AI Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

On July 1, 2024, in connection with the closing of the Private Placement and in accordance with the Purchase Agreement, Board unanimously voted to increase the size of the Board from six to seven directors, and to appoint Mr. Daniel M. Friedberg to fill the newly created Board position, to serve until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal.

View on SEC.gov

MultiSensor AI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-076933

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.