MultiSensor AI Announces Additional Details Regarding Reverse Stock Split

Rhea-AI Summary

MultiSensor AI (NASDAQ: MSAI) announced a 1-for-40 reverse stock split of its common stock, effective at 12:01 a.m. ET on April 13, 2026.

The company said it will not round up fractional shares at the beneficial level; instead fractional shares will be rounded up at the record holder level via the transfer agent. Trading on Nasdaq will be split-adjusted under the existing symbol MSAI, and the new CUSIP will be 456948207.

Positive

• 1-for-40 reverse split effective April 13, 2026
• NASDAQ trading continues under symbol MSAI on a split-adjusted basis
• New CUSIP assigned: 456948207

Negative

• Fractional shares will not be rounded up at the beneficial owner level
• Reverse split may reduce number of free-trading shares (float) post-split

News Market Reaction – MSAI

+0.85% 4.5x vol

14 alerts

+0.85% News Effect

-27.7% Trough in 25 hr 46 min

+$159K Valuation Impact

$18.88M Market Cap

4.5x Rel. Volume

On the day this news was published, MSAI gained 0.85%, reflecting a mild positive market reaction. Argus tracked a trough of -27.7% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $159K to the company's valuation, bringing the market cap to $18.88M at that time. Trading volume was very high at 4.5x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Reverse stock split ratio: 1-for-40 Par value per share: $0.0001 ATM program size: $60,000,000 +5 more

8 metrics

Reverse stock split ratio 1-for-40 Common stock reverse split effective April 13, 2026

Par value per share $0.0001 Par value of MSAI common stock post-split

ATM program size $60,000,000 At-the-market common stock offering under March 13, 2026 agreement

ATM commission 3.0% Maximum agent commission on ATM gross sales proceeds

Illustrative ATM price $0.30 Last reported sale price used in March 13, 2026 prospectus example

Shares outstanding 80,491,889 shares Common shares outstanding as of March 12, 2026

Warrant exercise price $0.409 per share Exercise price for private-placement warrants under S-3 shelf

Potential warrant proceeds $28.0 million Approximate cash if registered warrants exercised under S-3

Market Reality Check

Price: $5.94 Vol: Volume 741,819 is about 0...

low vol

$5.94 Last Close

Volume Volume 741,819 is about 0.57x the 20-day average of 1,311,175, indicating subdued trading ahead of the split. low

Technical Shares at $0.2346 are trading below the 200-day moving average of $0.58, and about 90.22% below the 52-week high of $2.40.

Peers on Argus

MSAI was down 6.53% while the momentum scanner flagged AI peers like DVLT and BN...

2 Up

MSAI was down 6.53% while the momentum scanner flagged AI peers like DVLT and BNAI moving up 1.16% and 0.86%, respectively. Sector data noted 2 peers moving higher (median ~1.0%), so MSAI’s weakness diverged from modest strength in selected AI/software names.

Common Catalyst Same-day peer news included AI-related contract wins (DVLT) and a conference appearance (CSAI), suggesting general AI/software interest rather than split-specific pressure across the group.

Historical Context

5 past events · Latest: Mar 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 19	Full-year 2025 earnings	Positive	-15.9%	Reported 2025 results with higher software revenue, larger cash, narrower net loss.
Mar 16	Earnings date set	Neutral	-17.7%	Announced timing for Q4 and full-year 2025 financial results release.
Mar 09	Conference participation	Positive	+5.6%	Planned attendance and investor meetings at the 38th Annual ROTH Conference.
Mar 04	Sales leadership hire	Positive	+5.3%	Appointed experienced enterprise AI and SaaS leader as VP, Global Sales.
Dec 18	Deployment agreement	Positive	+3.1%	Announced deployment of reliability monitoring solutions with Manchester Airport Group.

Pattern Detected

Recent news often drew sharp moves: several positive commercial and leadership updates saw gains, while the latest earnings release and even its date announcement were followed by double-digit declines.

Recent Company History

Over the last few months, MultiSensor AI reported mixed fundamentals: full-year 2025 revenue of $5.6M (with software at $1.9M) and a narrowed net loss of $11.7M, but the stock fell 15.9% after that report. Earlier, simply setting the earnings date on Mar 16, 2026 coincided with a 17.71% drop. In contrast, commercial wins (e.g., Manchester Airport deployment) and strategic moves like appointing a new VP of Global Sales in February produced gains between 3.15% and 5.6%. Today’s reverse split details follow this backdrop of volatility around both financial and corporate updates.

Regulatory & Risk Context

Active S-3 Shelf · $28.0 million

Shelf Active

Active S-3 Shelf Registration 2025-12-12

$28.0 million registered capacity

An effective Form S-3 shelf from Dec 12, 2025 registers resale of existing holders’ shares and underlying warrants. While the company does not receive proceeds from stockholder resales, it could receive up to approximately $28.0 million in cash if the registered warrants (exercise price $0.409, floor $0.14944) are exercised. The shelf has been used in connection with an at-the-market facility disclosed in a Mar 13, 2026 prospectus supplement.

Market Pulse Summary

This announcement clarifies mechanics of MultiSensor AI’s 1-for-40 reverse stock split, including no...

Analysis

This announcement clarifies mechanics of MultiSensor AI’s 1-for-40 reverse stock split, including no rounding up at the beneficial holder level and a new CUSIP effective April 13, 2026. It follows recent financing steps, such as a $60,000,000 at-the-market program and an S-3 shelf that could generate up to $28.0 million from warrant exercises. Investors may monitor how the split, ATM usage, and prior earnings volatility interact with Nasdaq listing requirements and future capital-raising activity.

Key Terms

reverse stock split, par value, cusip

3 terms

reverse stock split financial

"in connection with its previously announced 1-for-40 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

par value financial

"its common stock, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip technical

"The new CUSIP number for the Company's Common Stock"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

AI-generated analysis. Not financial advice.

Houston, Texas--(Newsfile Corp. - April 8, 2026) -  MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) ("MultiSensor AI," "MSAI" or the "Company") today announced that, in connection with its previously announced 1-for-40 reverse stock split (the "Reverse Stock Split") of its common stock, par value $0.0001 per share (the "Common Stock"), to become effective at 12:01 a.m. Eastern Time on April 13, 2026, it does not intend to round up fractional shares at the beneficial level. To prevent potential arbitrage opportunities and market abuse, the Company will instead round any such fractional shares up at the record holder level with the Company's transfer agent.

The Company's Common Stock is expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis under the existing trading symbol "MSAI" as of the beginning of trading on April 13, 2026. The new CUSIP number for the Company's Common Stock following the Reverse Stock Split will be 456948 207.

About MultiSensor AI

MSAI delivers condition monitoring and continuous early threat detection through a multi-sensor condition intelligence platform for high-throughput, automation-rich, and power-dense industrial facilities. Through a unified edge-to-cloud architecture, MSAI Connect provides a multi-sensor condition intelligence layer that bridges critical visibility gaps, strengthens system reliability, and improves asset performance. By integrating thermal, visual, vibration, and environmental sensing into a single platform, MSAI detects early signs of mechanical and electrical degradation - enabling organizations to proactively protect uptime, enhance safety, and extend critical asset lifespan.

For more information or to request a demo, please visit www.multisensorai.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of the Reverse Stock Split, the trading of the Company's Common Stock on a split-adjusted basis and the effect the Reverse Stock Split will have on the Company's ability to regain compliance with the Nasdaq listing standards. In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "will," "would" or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements, including, without limitation. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including those identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in the Company's other filings with the Securities and Exchange Commission. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. Any forward-looking statement made in this press release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

MSAI Contact:

E-Mail: ir@multisensorai.com
Website: www.multisensorai.com

Source: MultiSensor AI Holdings, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291664

FAQ

What is the reverse stock split ratio and effective date for MSAI?

The reverse split is 1-for-40, effective at 12:01 a.m. ET on April 13, 2026. According to the company, that is the ratio and the time when the split becomes effective and trading will be split-adjusted.

How will fractional MSAI shares be handled after the 1-for-40 split?

Fractional shares will not be rounded up at the beneficial level; they will be rounded up at the record holder level. According to the company, the transfer agent will implement rounding at the record holder level to address fractions.

Will MSAI continue trading on Nasdaq after the reverse split?

Yes. The company's common stock is expected to begin trading on Nasdaq on a split-adjusted basis under MSAI at market open on April 13, 2026. According to the company, the existing trading symbol remains unchanged.

What is the new CUSIP for MSAI following the reverse split?

The new CUSIP following the reverse split will be 456948207. According to the company, this CUSIP replaces the prior identifier for the common stock effective after the split.

How might the 1-for-40 reverse split affect MSAI shareholders?

The reverse split will consolidate every 40 pre-split shares into one post-split share, reducing share count per holder. According to the company, fractional shares will be handled by rounding at the record holder level, which affects small-share holdings.