MultiSensor AI Plans 1-for-40 Reverse Split on April 13 to Regain Nasdaq Listing
MultiSensor AI will combine every 40 common shares into one share effective April 13, 2026, adjusting its outstanding equity awards, warrants and incentive plans proportionately. The reverse split is intended to restore compliance with Nasdaq’s $1.00 minimum bid price standard without altering total authorized shares or par value.
1. Reverse Split Mechanics
Effective at 12:01 a.m. Eastern on April 13, 2026, MultiSensor AI will effect a 1-for-40 reverse stock split of its common stock. The split-adjusted shares will begin trading under the existing symbol and a new CUSIP number 456948 207 on Nasdaq.
2. Equity and Warrant Adjustments
All outstanding equity awards, warrants and incentive plans will be adjusted proportionately to reflect the new share ratio, including corresponding changes to exercise prices and performance thresholds. The total number of authorized shares, par value and other stock terms remain unchanged.
3. Fractional Share Treatment
No fractional shares will be issued. Holders entitled to fractions will receive one additional whole share in lieu of fractional amounts, ensuring uniform treatment across the shareholder base.
4. Compliance and Implications
The reverse split follows shareholder approval on December 15, 2025, and aims to meet Nasdaq’s minimum $1.00 bid price requirement for continued listing. The action does not affect any stockholder’s percentage ownership aside from fractional share adjustments.