SplitApr 21, 2026, 04:12 PM
MultiSensor AI Holdings Details Warrant Adjustments Post 1-for-40 Reverse Split
AI Summary
MultiSensor AI Holdings, Inc. announced adjustments to its warrants following a 1-for-40 reverse stock split, effective April 8, 2026. The warrants, originally issued in October 2025, allow for proportional adjustments to their exercise price and the number of shares issuable upon exercise in the event of a share combination. The exercise price can be reduced to the lowest daily volume weighted average price during the five trading days post-split, but not below $5.9776 per share after the reverse split.
Key Highlights
- Company completed a 1-for-40 reverse stock split on April 8, 2026.
- Warrants issued October 2025 for 68,459,652 shares at $0.409/share.
- Warrant terms adjust exercise price and share count proportionally post-split.
- New minimum exercise price is $5.9776 per share after the reverse split.