Asim Akram
appointed Asim Akram as the Company’s Chief Executive Officer and President, effective June 23, 2025
Highest-materiality recent filing
MultiSensor AI Q1 revenue $1.6M (+38% YoY); net loss narrows 44% to $2.5M
Software revenue surged 169% YoY to $0.7M, driving total revenue growth.
MultiSensor AI regains Nasdaq minimum bid price compliance
On April 27, 2026, Nasdaq notified the Company it regained compliance with Listing Rule 5550(a)(2).
MultiSensor AI adjusts warrant terms after 1-for-40 reverse stock split
Effective April 17, 2026, warrant exercise price reset to $5.98 per share from pre-split $0.409.
MultiSensor AI FY2025 revenue $5.6M (-25% YoY), software up 88%, net loss narrows 46%
Software revenue $1.9M (+88% YoY); total revenue $5.6M (-25% YoY).
MultiSensor AI enters $60M ATM equity offering with Roth Capital and H.C. Wainwright
ATM sales agreement allows sale of up to $60M of common stock; agents earn 3% commission.
MultiSensor AI terminates $25M equity line and $8.6M ATM facility with B. Riley entities
Terminated Purchase Agreement with B. Riley Principal Capital II for up to $25M; prior sales: 1,814,731 shares for ~$4.7M.
MultiSensor AI stockholders approve private placement and reverse stock split
Stockholders approved issuance of up to 27.26M common shares and 54.52M warrants for $11.15M gross proceeds (remaining from $14M total private placement).
Nasdaq grants MultiSensor AI additional 180 days to regain $1 bid price compliance
Nasdaq extended compliance deadline to May 11, 2026, after bid price fell below $1 on Nov 14.
MultiSensor AI Q3 net loss down 80% YoY to $1.7M; software revenue surges 114%
Revenue $1.6M (flat YoY, +11% QoQ); gross margin 64% (down 3pp YoY, +40pp QoQ).
MultiSensor AI raises $14.4M in registered direct offering of common stock and pre-funded warrants
Offering includes 4,595,000 shares at $1.35/share and pre-funded warrants for 6,100,000 shares at $0.0001 exercise price.
MultiSensor AI raises $14M in private placement of common stock and warrants at $0.409/share
Gross proceeds $14M; initial closing of $2.85M on Oct 30 issued 6,970,890 shares and warrants for 13,941,780 shares.
MultiSensor AI CFO Nadolny cancels 48,076 PSUs, receives new 100K RSUs & 400K PSUs
Effective Sep 26, 2025, CFO Robert Nadolny canceled 48,076 PSUs granted Feb 5, 2025, in exchange for replacement awards.
MultiSensor AI Q2 revenue falls 33% YoY to $1.4M; software revenue up 37%
Revenue $1.4M, down 33% from $2.1M in Q2 2024.
MultiSensor AI dismisses Deloitte & Touche, appoints Weaver as new auditor
Deloitte dismissed effective June 4, 2025; no disagreements or reportable events, except prior material weakness now remediated.
MultiSensor AI shareholders elect all director nominees and approve incentive plan amendment
All five director nominees (Chu, Flavin, Friedberg, Gow, Kitsos) elected with votes ranging from 11.96M to 13.04M for each.
MultiSensor AI appoints Asim Akram CEO effective June 23; CCO Baird resigns
Asim Akram appointed CEO and President effective June 23, 2025; interim CEO Flavin remains on board.
MultiSensor AI receives Nasdaq bid price deficiency notice for MSAI common stock
On May 15, 2025, Nasdaq notified MSAI that its common stock bid price closed below $1.00 for 30 consecutive business days.
appointed Asim Akram as the Company’s Chief Executive Officer and President, effective June 23, 2025
Stuart V. Flavin III, the Company’s Interim Chief Executive Officer and Interim President, agreed to transition out of these positions on the CEO Effective Date but will remain a member of the Board.
Max materiality 0.80 · Median 0.60 · Most common event other_material