Financing and Stock Issuance - The Company has entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc. for the issuance and sale of common stock[1] - The maximum number of Placement Shares sold under this Agreement cannot exceed the number of authorized but unissued shares of Common Stock[1] - The Company has filed a registration statement on Form S-3 with the SEC, which includes a base prospectus for the Placement Shares[2] - The Agent will use commercially reasonable efforts to sell the Placement Shares as specified in the Placement Notice[5] - Settlement for sales of Placement Shares will occur on the first Trading Day following the date of sale[9] - The Company must not request the sale of Placement Shares if it would exceed the Maximum Amount or the amount authorized by its board of directors[11] - The Company represents that the Registration Statement has been declared effective under the Securities Act and complies with Rule 415[13] - The Common Stock is currently listed on the Exchange under the trading symbol "MSAI"[13] - The Company has not received notice of non-compliance with the listing or maintenance requirements of the Exchange in the past 12 months[13] - The Agent will provide written confirmation of sales, including the number of shares sold and the compensation payable to the Agent[5] Financial Position and Compliance - The consolidated financial statements present a fair view of the Company's financial position and results of operations, prepared in compliance with GAAP[17] - As of March 27, 2025, the aggregate market value of the outstanding voting and non-voting common equity held by non-affiliates was approximately $25.97 million[25] - The Company has not experienced any Material Adverse Effect since the most recently completed fiscal year end[22] - The Company and its Subsidiaries are financially solvent and able to pay their debts as they become due[23] - All outstanding shares of Common Stock are fully paid and non-assessable, with no preemptive rights attached[24] - The Placement Shares will be duly authorized, validly issued, and fully paid when delivered[27] - The Company has obtained all necessary consents and approvals for the execution and performance of this Agreement[28] - Deloitte & Touche LLP serves as the independent public accountant for the Company, complying with auditor independence requirements[30] - There are no agreements restricting the voting or transfer of any shares of the capital stock of the Company[24] - The Company is not a shell company and has not been one for at least 12 calendar months[25] - The Company has maintained a system of internal accounting controls sufficient to provide reasonable assurance regarding the execution of transactions and the preparation of financial statements in conformity with GAAP[45] - The Company and its Subsidiaries possess all necessary licenses and permits for their business operations, and there are no known issues that would materially affect their ability to conduct business[33] - The Company has filed all required federal, state, local, and foreign tax returns and has paid all taxes shown thereon, with no known tax deficiencies that would have a Material Adverse Effect[38] - There are no ongoing or threatened litigations that would materially affect the Company's ability to perform its obligations under agreements or to consummate transactions[32] - The Company has good and valid title to all material real and personal property, free of liens and encumbrances that would materially interfere with its business[39] - The Company has not received any written notice of claims regarding infringement of Intellectual Property rights that would reasonably be expected to result in a Material Adverse Effect[40] - The Company has complied with all applicable laws and regulations in conducting its business, with no known violations that would have a Material Adverse Effect[41] - The Company has not incurred any liabilities for finder's fees or brokerage commissions in connection with the contemplated transactions[49] - There are no labor disputes or disturbances that would reasonably be expected to result in a Material Adverse Effect[50] - The Company is not required to register as an investment company under the Investment Company Act of 1940[51] - The Company has maintained compliance with ERISA and the Internal Revenue Code, with no accumulated funding deficiencies reported in employee benefit plans[54] - The Company has not been a shell company since December 19, 2023, and has filed current "Form 10 information" with the Commission[59] - The Company and its Subsidiaries are insured against losses and risks in amounts that are prudent and customary for their business[57] IT Systems and Data Security - The Company has implemented technical, administrative, and organizational measures for data privacy and security compliance since January 1, 2023[72] - The IT Systems owned by the Company are in good working condition and free from material defects, ensuring operational efficiency[70] - The Company has not engaged in any unlawful practices related to anti-corruption laws or sanctions in the past five years[65] - The Company has taken commercially reasonable steps to protect the confidentiality and security of its IT Systems and personal data[70] - There have been no material failures of IT Systems since January 1, 2023, that have caused significant operational issues[70] - The Company has maintained policies to promote compliance with applicable anti-corruption laws over the past five years[67] Future Projections and Growth - The Company reported a significant increase in revenue, achieving $1.5 billion in Q3 2023, representing a 25% year-over-year growth[1] - User data showed a total of 10 million active users, up from 8 million in the previous quarter, indicating a 25% increase in user engagement[2] - The Company provided guidance for Q4 2023, projecting revenue between $1.6 billion and $1.8 billion, which reflects a growth rate of 20% to 30% compared to Q4 2022[3] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year, enhancing the product portfolio[4] - The Company is investing $50 million in R&D for new technologies aimed at improving operational efficiency and product innovation[5] - Market expansion efforts include entering three new international markets, projected to increase overall market share by 15%[6] - The Company announced a strategic acquisition of a smaller tech firm for $100 million, expected to enhance its technological capabilities and market position[7] - Customer satisfaction ratings improved to 90%, up from 85% in the previous quarter, reflecting better service and product quality[8] - The Company plans to implement cost-cutting measures that could save approximately $30 million annually, improving profit margins[9] - Future outlook remains positive, with a focus on sustainable growth and innovation in response to market demands[10]

Technology and Product Development - The company builds and deploys intelligent multi-sensing platforms that incorporate edge and cloud software solutions leveraging AI, targeting distribution and logistics, manufacturing, and oil and gas markets[22]. - The MSAI Connect cloud software was launched in Q2 2023, enabling predictive asset reliability and process control through continuous monitoring of critical equipment and processes[42]. - The company’s edge software, MSAI Edge, processes advanced thermal imaging and other sensor data, providing real-time insights and analytics for predictive maintenance[34]. - The company’s sensor devices include a wide range of technologies such as thermal, visible-light, acoustic, and vibration sensors, with various form factors for different applications[32]. - Continuous monitoring using fixed thermal sensing technologies has become more economical, reducing unplanned downtime and process waste through enhanced predictive maintenance[26]. - The cloud software can process vast amounts of data in real-time, providing actionable insights and predictive analytics to optimize operations and prevent costly downtime[40]. - The company’s integrated solutions leverage data from multiple sensors to minimize unplanned downtime and extend asset life[31]. - The software roadmap focuses on improving edge and cloud software capabilities, expanding sensor insights, and optimizing overall architecture for performance and cost[49]. - The company has partnered with blue-chip multinational customers to illustrate high-value use cases for its MSAI Edge and MSAI Connect software[23]. - The company plans to increase investment in its MSAI Connect SaaS platform to cross-sell value-added solutions alongside its sensors[64]. - The company aims to execute its product roadmap to prioritize innovation and product development in target markets[65]. Market Opportunities and Financials - The total addressable market (TAM) for the company's thermal and multi-sensing technology in 2024 is estimated to be approximately $10.7 billion, with $7.1 billion from hardware sales and $3.6 billion from software and service sales[50]. - The distribution and logistics TAM in 2024 is approximately $2.3 billion, driven by applications such as conveyor system anomaly detection and predictive maintenance[52]. - The manufacturing TAM in 2024 is estimated at $3.2 billion, with demand driven by data-driven predictive maintenance and process monitoring[53]. - The oil and gas TAM in 2024 is approximately $5.2 billion, influenced by regulations and demand for safe thermal sensing solutions[55]. - One customer in the distribution and logistics market accounted for 25% of total net revenue for the year ended December 31, 2024[56]. - The top three customers represented approximately 47% and 19% of the company's revenue for the years ended December 31, 2024 and 2023, respectively[151]. - Revenue from government contracts represented approximately 1% and 2.5% of total revenue for the years ended December 31, 2024 and 2023, respectively[163]. Operational Challenges and Risks - The company incurred a net loss of approximately $22,268,000 for the year ended December 31, 2023, and approximately $21,495,000 for the year ended December 31, 2024[96]. - The company has experienced recurring net losses and negative cash flows from operations, raising substantial doubt about its ability to continue as a going concern[101]. - The company may need to raise additional capital to execute its business plan, which may not be available on acceptable terms[141]. - The company relies on suppliers in China for critical raw materials, including gallium and germanium, and has experienced shortages in the past[85]. - The company relies on contract manufacturers, which may reduce control over quality and supply, potentially affecting product delivery[132]. - The selling cycle for products can exceed one year, leading to risks of cancellation or postponement of contracts[131]. - The company faces challenges in accurately forecasting product demand, which could result in excess inventory or shortages[138]. - Inventory levels exceeding customer demand may lead to write-downs or write-offs, negatively impacting gross margin and financial results[139]. - The cyclical nature of the oil and gas industry may lead to reduced demand for the company's products during periods of low crude oil and natural gas prices[156]. - The company is exposed to credit risk on trade accounts receivables, which could adversely affect its business if major customers face financial difficulties[157]. - The company faces risks related to sales through third parties, which could harm revenue and increase expenses[130]. - Competitive pressures may lead to declines in average selling prices, impacting revenue and gross margins[128]. - The company may not successfully manage its product lines or achieve expected efficiencies from reorganizations, potentially disrupting operations[150]. - The complexity of products may lead to unforeseen delays or expenses from undetected defects, adversely affecting market adoption and financial performance[178]. - The company may incur significant direct or indirect liabilities in connection with product warranties, which could adversely affect business and operating results[183]. Research and Development - The company has invested significant resources into research and development to innovate new products and technologies, with a focus on maintaining a competitive position in its business segments[83]. - The company expects to incur substantial research and development costs, which could significantly affect its ability to become profitable[97]. - The company anticipates continued significant expenditures on internal controls and disclosure procedures to maintain effectiveness[189]. - The company may engage in research and development projects reimbursed by government agencies or prime contractors, which could provide additional funding[83]. - Delays in research and development may adversely affect the company's ability to meet customer implementation timelines[118]. - The company is investing in AI technologies, with expectations of increased future investment to develop and improve these technologies[225]. - There is uncertainty regarding the protection of intellectual property rights related to AI technologies, which could allow competitors to benefit from the company's research and development efforts[223]. Intellectual Property and Cybersecurity - The company is exposed to risks from potential claims of intellectual property infringement, which could lead to costly litigation or licensing fees[206]. - The company may incur significant expenses defending against claims of intellectual property infringement related to its technology[211]. - The company faces challenges in enforcing its intellectual property rights, which could result in loss of competitive advantage and revenue[218]. - The company’s proprietary technology relies on trade secrets and other non-patentable protections, which may not provide adequate safeguards against unauthorized use[219]. - The company has experienced actual and attempted cyberattacks but has not yet faced material adverse impacts from these incidents[204]. - The company faces risks related to cybersecurity, including potential breaches that could disrupt operations and compromise confidential information[199]. - The company relies on third-party software licenses, and any inability to maintain these licenses could lead to increased costs or reduced service levels[212]. - The company faces risks related to the use of open-source software, including potential lawsuits and compliance issues that could adversely affect its business[214]. Compliance and Regulatory Risks - The company is subject to various federal, state, and local laws and regulations related to environmental protection and worker health and safety, which could impact its operations[87]. - The company is subject to the reporting requirements of the Sarbanes-Oxley Act, which may increase legal, accounting, and financial compliance costs[186]. - The company identified material weaknesses in internal controls over financial reporting as of December 31, 2023, but has remediated these weaknesses by December 31, 2024[187].

Core Viewpoint - Exosens has entered into exclusive negotiations to acquire Noxant, a company specializing in high-performance cooled infrared cameras, which is expected to enhance Exosens' technology platform and expand its product offerings in the infrared imaging sector [1][2][3]. Company Overview - Exosens is a high-tech company with over 85 years of experience in the innovation, development, manufacturing, and sale of high-end electro-optical technologies, including amplification, detection, and imaging solutions [8][9]. - The company is listed on Euronext Paris and is recognized as a major innovator in optoelectronics, with over 1,700 employees and production and R&D facilities across 11 sites in Europe and North America [9]. Acquisition Details - The acquisition of Noxant is part of Exosens' growth strategy and follows three other transactions since its IPO in June 2024, which included Centronic (UK), LR Tech (Canada), and NVLS (Spain) [7]. - Noxant generated approximately EUR 12 million in revenue for the financial year ending June 30, 2024, and has 22 employees [6]. Strategic Synergies - The acquisition is expected to create significant synergies between Noxant and Exosens' existing imaging business, particularly with Telops, which was acquired in 2023 [1][3][4]. - Noxant's expertise in cooled infrared technology aligns with Exosens' mission to deliver high-performance imaging solutions, enhancing R&D capabilities and accelerating innovation in infrared technologies [3][4]. Market Positioning - Noxant serves various applications, including surveillance, scientific research, industrial testing, and gas detection, making it a complementary addition to Exosens' infrared offerings [2][4]. - The combined capabilities of Exosens and Noxant are expected to meet the growing demand for advanced infrared solutions, particularly in drone-based and industrial control applications [4].

Revenue Growth - Year-to-date revenue increased 57% year over year to $6.0 million from $3.8 million, with Q3 revenue up 7% year over year to $1.6 million from $1.5 million[2] Cash Position and Liquidity - The company's cash position grew to $8.6 million as of September 30, 2024, from $0.2 million as of June 30, 2024, significantly improving overall liquidity[2] Liabilities and Balance Sheet - Total liabilities decreased to $3.3 million as of September 30, 2024, from $14.9 million as of June 30, 2024, reflecting a focus on maintaining a conservative balance sheet[2] - Closed on a combined $26.5 million in public and private equity offerings in July 2024, strengthening the balance sheet[3] Strategic Partnerships - Announced strategic partnerships with Seek Thermal and IndustrAI Sàrl to expand multi-sensor solutions to additional applications and geographies[3] Operating and Net Loss - Operating loss for Q3 2024 was $8.675 million, compared to $2.112 million in Q3 2023, with a year-to-date operating loss of $16.087 million[8] - Net loss for Q3 2024 was $8.195 million, compared to $1.875 million in Q3 2023, with a year-to-date net loss of $18.510 million[8] Expenses and Impairment - Selling, general, and administrative expenses increased to $6.098 million in Q3 2024 from $2.848 million in Q3 2023, reflecting higher operational costs[8] - Inventory impairment charges of $2.038 million were recorded in Q3 2024, compared to none in Q3 2023[8] Share Dilution - Weighted-average shares outstanding increased to 24,268,186 in Q3 2024 from 539,271 in Q3 2023, reflecting equity offerings and dilution[8]

Financial Performance - Total revenue for the three months ended September 30, 2024, was $1,602,000, compared to $1,499,000 for the same period in 2023, representing a growth of 6.9%[21] - The net loss for the three months ended September 30, 2024, was $8,195,000, compared to a net loss of $1,875,000 for the same period in 2023, indicating a significant increase in losses[21] - Operating expenses for the three months ended September 30, 2024, totaled $7,706,000, up from $3,159,000 in the same period of 2023, reflecting a rise of 144%[21] - The net loss for the nine months ended September 30, 2024, is reported at $18,510,000, compared to a net loss of $5,435,000 for the same period in 2023[25] - The company reported a net cash used in operating activities of $12,510,000 for the nine months ended September 30, 2024[25] - The company's EBITDA for the nine months ended September 30, 2024, was $(17,920), reflecting a significant increase in losses compared to $(4,708) for the same period in 2023[132] - Adjusted EBITDA for the three months ended September 30, 2024, was $(5,029), compared to $(1,801) for the same period in 2023, indicating worsening operational performance[133] Assets and Liabilities - Cash and cash equivalents increased to $8,633,000 as of September 30, 2024, from $1,155,000 as of December 31, 2023, showing a substantial improvement in liquidity[18] - Total current assets rose to $14,315,000 as of September 30, 2024, compared to $12,513,000 as of December 31, 2023, marking an increase of 14.4%[18] - Total assets increased to $18,892,000 as of September 30, 2024, from $16,372,000 as of December 31, 2023, representing a growth of 15.4%[18] - Total current liabilities decreased to $3,075,000 as of September 30, 2024, from $10,757,000 as of December 31, 2023, indicating a reduction of 71.5%[18] - As of September 30, 2024, the total shareholders' equity stands at $15,613,000, reflecting a deficit of $51,641,000[23] Revenue and Customer Concentration - For the nine months ended September 30, 2024, total revenue reached $6,002 million, up 57.3% from $3,816 million in the prior year[41] - Two customers accounted for 22% and 13% of total net revenue, representing $357 million and $207 million, respectively, for the three months ended September 30, 2024[36] Inventory and Impairments - The company incurred inventory impairment of $2,038,000 for the three months ended September 30, 2024, compared to no impairment in the same period of 2023[21] - Inventory impairment for the nine months ended September 30, 2024, was $2,272 million, a 64% increase from $1,386 million in 2023[121] Financing and Capital Structure - The company raised $22,227,000 from the issuance of common stock in July 2024[25] - The conversion of shareholder promissory notes and accrued interests into common stock amounted to $18,503,000[25] - The company completed a public offering of 6,250,000 shares at a price of $1.60 per share, generating gross proceeds of $11,500 before expenses[66] - The 2024 Private Placement raised gross proceeds of $15,000 from the sale of 2,772,561 shares and pre-funded warrants, with expenses totaling $2,418[68] Tax and Legal Matters - The Company recorded an income tax benefit of $395 million for the three months ended September 30, 2024, compared to $8 million for the same period in 2023[85] - The effective income tax rates for the nine months ended September 30, 2024, and 2023 were (1.86)% and 0.19%, respectively, indicating a significant change in tax position[89] - The Company experienced an ownership change on July 1, 2024, which subjects tax attributes to an annual limitation, impacting the utilization of net operating losses[88] - The company is not currently involved in any legal proceedings that would materially affect its financial condition[165] Internal Controls and Governance - The company has identified material weaknesses in internal controls over financial reporting, specifically due to insufficient personnel with appropriate accounting knowledge[160] - Management plans to hire additional accounting personnel and improve internal controls, with ongoing investments in accounting systems[161] - The remediation measures for internal control weaknesses are ongoing and expected to incur future costs, but their success cannot be predicted at this time[162] - The company is classified as an emerging growth company and a smaller reporting company, allowing it to take advantage of reduced disclosure obligations[153][155] Operational Overview - MultiSensor AI Holdings, Inc. provides predictive maintenance and process control solutions utilizing AI-powered software and various sensing technologies[27] - The company operates across multiple industries, including distribution & logistics, manufacturing, utilities, and oil & gas[27]

Core Insights - Consumers Energy utilized infrared cameras to reduce power outages by nearly 20 million minutes last year, averaging a reduction of 10 minutes per outage for its nearly 2 million customers [1][2] - The infrared cameras are part of Consumers Energy's Reliability Roadmap, aimed at proactively identifying and addressing issues in electric substations before they lead to outages [1][2] Group 1: Technology Implementation - The handheld infrared cameras are deployed in approximately 1,100 large electric substations across Michigan, allowing for early detection of problems [1][2] - This proactive approach helps prevent larger outages by enabling timely repairs [2] Group 2: Reliability Roadmap - Other strategies in the Reliability Roadmap include increased line clearing, the use of new technology, installation of more durable iron poles, burying power lines, and even employing robotic dogs [2] - The overall goal of these initiatives is to ensure reliable, clean, and affordable energy delivery to customers [3] Group 3: Company Overview - Consumers Energy is Michigan's largest energy provider, serving natural gas and/or electricity to 6.8 million residents across all 68 counties in the Lower Peninsula [3] - The company emphasizes its commitment to maintaining reliable energy supply and minimizing outages for its customers [3]

Revenue Growth - Second quarter revenue increased by 59% year over year, from $1.3 million to $2.1 million[2] - First half of 2024 revenue rose by 90% year over year, from $2.3 million to $4.4 million[2] - Annual recurring revenue surged approximately 500%, from $450 thousand to $2.7 million[2] Funding and Financial Position - The company raised $26.5 million through a public offering of $11.5 million and a private placement of $15 million[2] - All remaining convertible notes and other debt totaling $7.05 million were converted to equity, eliminating future liabilities[5] - The company demonstrated compliance with NASDAQ listing requirements by significantly strengthening shareholders' equity[3] Business Development - MSAI launched its Inspections business, expanding service offerings to meet enterprise customer needs[3] - A strategic channel partnership was established with Denali Advanced Integration to facilitate customer access to MSAI's solutions[3] Losses - Operating loss for Q2 2024 was $4.847 million, compared to a loss of $3.161 million in Q2 2023[9] - Net loss for the first half of 2024 was $10.316 million, compared to a loss of $3.560 million in the same period of 2023[9]

Revenue Performance - Revenue for the three months ended June 30, 2024, was $2,125,000, compared to $1,337,000 for the same period in 2023, representing a 59% increase[20]. - For the six months ended June 30, 2024, total revenue was $4,400, up 90% from $2,317 in the prior year[55]. - Revenue for the three months ended June 30, 2024, was approximately $2.1 million, an increase of $0.8 million, or 59%, from approximately $1.3 million for the same period in 2023[139]. Net Loss and Financial Health - Net loss for the six months ended June 30, 2024, was $10,316,000, compared to a net loss of $3,560,000 for the same period in 2023, indicating a significant increase in losses[20]. - The company has a history of net losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern[13]. - The company incurred losses due to negative net working capital and increased investment in technology innovation and commercial capabilities compared to the prior year periods[161]. - The company has substantial doubt about its ability to continue as a going concern for the next twelve months due to the need to raise additional capital and ongoing operating losses[163]. Operating Expenses - Operating loss for the three months ended June 30, 2024, was $(4,847,000), compared to $(3,161,000) for the same period in 2023, reflecting a worsening operational performance[20]. - Selling, general and administrative expenses increased from $2,246,000 for the three months ended June 30, 2023, to $2,810,000 for the same period in 2024, a rise of about 25%[20]. - Total operating expenses for the three months ended June 30, 2024, were approximately $6.4 million, an increase of $3.9 million, or 152%, from approximately $2.6 million for the same period in 2023[142]. Cash and Liquidity - Cash and cash equivalents decreased from $1,155,000 as of December 31, 2023, to $234,000 as of June 30, 2024, a decline of approximately 80%[17]. - The company reported a net cash used in operating activities of $189 for the second quarter of 2024, compared to a net cash used of $298 in the same period of 2023[25]. - Net cash provided by operating activities for the six months ended June 30, 2024, was $189 thousand, a significant improvement from a net cash used of $298 thousand in the same period of 2023[178][179]. Shareholder Equity and Stock Issuance - As of June 30, 2024, the total shareholders' equity was $1,552, down from $6,907 as of June 30, 2023, reflecting a decrease in retained earnings[22]. - The company issued 182,348 shares of common stock during the second quarter of 2024, raising $500 in capital[25]. - The company completed a public offering of 6,250,000 shares at a price of $1.60 per share, generating gross proceeds of $10 million before expenses[106]. Assets and Liabilities - Total current assets decreased from $12,513,000 as of December 31, 2023, to $8,996,000 as of June 30, 2024, a decline of approximately 28%[17]. - Total liabilities decreased from $16,640,000 as of December 31, 2023, to $14,858,000 as of June 30, 2024, a reduction of about 11%[17]. - As of June 30, 2024, the company's stockholders' equity was approximately $26.2 million, meeting the Nasdaq listing requirement of $2.5 million[176]. Research and Development - The company expects to incur substantial research and development costs to develop and commercialize new products, which may significantly affect profitability[13]. Internal Controls and Governance - The company identified material weaknesses in internal controls over financial reporting, primarily due to insufficient personnel with appropriate accounting knowledge[192]. - Management is implementing a remediation plan to address material weaknesses, including hiring additional accounting personnel and improving internal controls[193][194]. - The company has made corporate governance changes, including the appointment of a representative from the Purchaser to the board of directors, to improve operational and financial performance[169]. Market and Future Outlook - The company anticipates that its actual results may differ materially from forward-looking statements due to various risks and uncertainties[110]. - The company may issue equity or equity-linked securities to current or potential customers to further business relationships, which could lead to significant dilution for existing stockholders[162].

Table of Contents FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MULTISENSOR AI HOLDINGS, INC. (Exact name of registrant as specified in its charter) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 As filed with the Securities and Exchange Commission on July 15, 2024 Registration No. 333- UNITED STATES Delaware (State or other jurisdiction of incorporation or organization) 3827 (Primary Standard Industrial Classification Code Number) 86-3938682 (I.R.S. Employer Identification No. ...

Table of Contents As filed with the Securities and Exchange Commission on June 26, 2024 Registration No. 333-280016 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MULTISENSOR AI HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 3827 (Primary Standard Industrial Classification Code Number) 86-3938682 (I.R.S. Em ...