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MultiSensor AI Holdings, Inc. (MSAI) announced it will implement a 1-for-40 reverse stock split of its common stock effective at 12:01 a.m. Eastern Time on April 13, 2026.
The company’s common stock will begin trading on a split-adjusted basis under the existing symbol "MSAI" on Nasdaq as of the start of trading April 13, 2026. The new CUSIP number for the common stock following the reverse stock split will be 456948 207.
Company stockholders approved the reverse stock split on December 15, 2025. The move is intended to help the company regain compliance with Nasdaq’s minimum bid price requirement for continued listing.
Under the reverse stock split, every 40 shares of common stock issued and outstanding will be automatically combined into one share. The company will make proportionate adjustments to shares underlying outstanding equity awards, warrants and equity incentive plans, including corresponding adjustments to exercise prices and performance thresholds.
The total authorized number of shares will not be reduced, and the par value and other terms of the common stock will remain unchanged. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership in the company, except for adjustments resulting from fractional shares treatment.
No fractional shares will be issued. Instead, holders otherwise entitled to a fractional share will receive an additional share of common stock.
Continental Stock Transfer & Trust Company will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-split shares in book-entry form or through a broker will have their positions automatically adjusted and will not need to take any action.
MultiSensor AI provides condition monitoring and early threat detection through a multi-sensor platform for industrial facilities, according to the company statement.