MultiSensor AI Plans 1-for-40 Reverse Split April 13; Fractional Shares Rounded Up
MultiSensor AI will implement a 1-for-40 reverse stock split on April 13, 2026, at 12:01 a.m. Eastern Time to meet Nasdaq listing standards. Fractional shares won’t be rounded at the beneficial level but instead will be rounded up at the record holder level; the post-split CUSIP will be 456948207.
1. Reverse Stock Split Details
MultiSensor AI will conduct a 1-for-40 reverse stock split on April 13, 2026, at 12:01 a.m. Eastern Time. The action aims to consolidate every forty pre-split shares into one post-split share and support the company’s efforts to regain compliance with Nasdaq listing standards.
2. Fractional Share Handling
To prevent arbitrage and market abuse, the company will not round up fractional shares at the beneficial owner level. Instead, any fractional entitlements will be rounded up at the record holder level through the transfer agent.
3. Trading and CUSIP Update
Beginning on April 13, the common stock will trade on a split-adjusted basis under the existing symbol and will carry a new CUSIP number of 456948207.