04:41 AM EDT, 07/02/2024 (MT Newswires) -- MultiSensor AI Holdings ( MSAI ) said Monday it has closed a public offering of about 6.3 million common shares priced at $1.60 per share for gross proceeds of $11.5 million.

Underwriters fully exercised their overallotment option of up to 937,500 additional shares.

Net proceeds from the offering are intended for working capital and general corporate purposes, the company said.

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