MultiSensor AI Holdings, Inc. (MSAI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
MSAI currently has 763K outstanding shares. with significant dilution risk as 8.78M authorized shares could dilute existing holders by 1150.4%. The company has significantly diluted shareholders by 307.08% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 13, 2026 |
Stock Split
8-K filing: Stock split 1-for-40 | Outstanding: 30,526,052 → 763,151 |
760K | 8.8M |
| Mar 19, 2026 |
10-K filing | 30.5M shares outstanding |
31M | 350M |
| Dec 23, 2025 |
8-K filing: MultiSensor AI Holdings, Inc. completed an initial closing of a private placement on October 30, 2025, issuing 6,970,890 shares of common stock and warrants to purchase up to 13,941,780 shares of common stock to investors for gross proceeds of $2.85 million. ($2.85M proceeds) |
34M | 350M |
| Dec 23, 2025 |
S-3/A filing: This S-3/A filing registers the resale of common stock and Series A Preferred Stock by the holders thereof. |
34M | 350M |
| Dec 12, 2025 |
S-3 filing: This S-3 filing from MultiSensor AI Holdings, Inc. relates to the resale of up to 34,229,826 shares of common stock and up to 68,459,652 shares of common stock issuable upon the exercise of warrants or conversion of Series A Convertible Preferred Stock. |
34M | 230M |
| Nov 13, 2025 |
10-Q filing | 34.5M shares outstanding |
34M | 130M |
| Nov 05, 2025 |
8-K filing: MultiSensor AI Holdings, Inc. completed a registered direct offering of common stock and pre-funded warrants, resulting in net proceeds of approximately $13.6 million. ($14.44M proceeds) |
33M | 130M |
| Oct 30, 2025 |
8-K filing: MultiSensor AI Holdings, Inc. completed a private placement issuing 6,970,890 shares of common stock and warrants to purchase up to 13,941,780 shares of common stock for gross proceeds of $2.85 million. ($5.7M proceeds) |
33M | 130M |
| May 13, 2025 |
10-Q filing | 32.7M shares outstanding |
33M | 130M |
| Mar 28, 2025 |
10-K filing | 12.0M shares outstanding |
12M | 130M |
| Jan 23, 2025 |
S-3 filing: This S-3 filing relates to the resale of common stock and private placement warrants by selling stockholders, as well as the issuance of common stock upon the exercise of warrants. |
32M | 130M |
| Jan 23, 2025 |
S-3 filing: MultiSensor AI Holdings, Inc. may offer and sell up to $75,000,000 in the aggregate of common stock, preferred stock, debt securities, depositary shares and purchase contracts from time to time in one or more offerings. |
32M | 130M |
| Jan 08, 2025 |
8-K filing: MultiSensor AI Holdings, Inc. sold 1,581,213 shares of common stock to B. Riley Principal Capital II, LLC for net proceeds of approximately $4.3 million, resulting in a total of 32,107,265 outstanding shares as of January 7, 2025. ($4.3M proceeds) |
32M | 100M |
| Nov 12, 2024 |
10-Q filing | 30.4M shares outstanding |
30M | 100M |
| Aug 14, 2024 |
10-Q filing | 13.7M shares outstanding |
14M | 100M |
| Jul 16, 2024 |
S-1 filing: This S-1 filing includes information on up to 9,375,000 shares of common stock offered by selling securityholders, including PIPE Shares and Warrant Shares issuable upon exercise of Pre-Funded Warrants. |
14M | 100M |
| Jul 01, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. consummated a public offering of 6,250,000 shares of common stock at $1.60 per share, generating gross proceeds of $10.0 million, and a private placement of 2,772,561 shares of common stock at $1.60 per share and pre-funded warrants to purchase up to 6,602,439 shares of common stock at $1.5999 per share, generating aggregate gross proceeds of $15.0 million. ($11.5M proceeds) |
14M | 93M |
| Jun 26, 2024 |
S-1/A filing: This S-1/A filing outlines the offering of 5,050,505 shares of Common Stock, a concurrent private placement and information about Financing Warrants, Private Placement Warrants and Public Warrants. |
14M | 93M |
| Jun 24, 2024 |
S-1/A filing: This S-1/A filing relates to an offering of common stock with an option for the underwriters to purchase additional shares. |
14M | 75M |
| Jun 18, 2024 |
S-1/A filing: The filing describes a lock-up agreement that restricts the transfer of Common Stock for 90 days after the final prospectus date, subject to certain exceptions. |
14M | 75M |
| Jun 17, 2024 |
S-1/A filing: MultiSensor AI Holdings, Inc. is offering 4,672,897 shares of common stock in a public offering. |
14M | 75M |
| Jun 07, 2024 |
S-1 filing: MultiSensor AI Holdings, Inc. is offering shares of its common stock in a public offering, with the underwriters having a 45-day option to purchase additional shares to cover over-allotments. |
14M | 71M |
| May 15, 2024 |
10-Q filing | 12.0M shares outstanding |
12M | 68M |
| May 10, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. issued 50,882 shares of Common Stock pursuant to conversion of an Amended Note with a principal balance of $250,000 at a conversion price of $5.00 per share for the principal and $10.00 per share for the interest. |
13M | 68M |
| May 01, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. issued 87,411 shares of Common Stock pursuant to the conversion of Amended Notes on April 30, 2024, with the conversion prices amended to $5.00 per share for the principal amount and $10.00 per share for the interest amount of the Amended Notes. |
13M | 68M |
| Apr 29, 2024 |
S-1 filing: This S-1 filing outlines an equity line of up to $25,000,000 of common stock that may be sold to B. Riley Principal Capital II, with 5,300,000 shares being registered for resale. |
13M | 68M |
| Apr 18, 2024 |
S-1 filing: This prospectus relates to the resale of shares of common stock and private placement warrants by certain registered holders, as well as the issuance of shares of common stock upon the exercise of warrants. |
5.3M | 65M |
| Apr 17, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, allowing the Company to sell up to $25,000,000 of newly issued shares of its common stock, subject to certain conditions. |
5.3M | 40M |
| Apr 08, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. issued 334,397 shares of common stock upon conversion of convertible promissory notes and related accrued interest at a price of $10 per share. |
5.3M | 40M |
| Apr 01, 2024 |
8-K filing: MultiSensor AI Holdings, Inc. undertook several actions to increase its shareholders' equity, including the conversion of convertible promissory notes and loan obligations into shares of common stock, and entered into inducement agreements to encourage note conversions. |
5.3M | 40M |
| Mar 29, 2024 |
10-K filing | 5.3M shares outstanding |
5.3M | 40M |
| Dec 21, 2023 |
8-K filing: Infrared Cameras Holdings, Inc. consummated a business combination, issuing 7,584,144 shares of common stock, 681,000 shares to service providers, $6.805 million in Financing Notes, and Financing Warrants to purchase 340,250 shares, with a potential for 3,266,400 additional shares upon conversion/exercise. |
3.6M | 40M |
| Dec 19, 2023 |
S-1/A filing: This S-1/A filing includes information on the issuance of common stock upon the exercise of warrants and the resale of common stock held by certain stockholders, warrantholders, and option holders. |
3.6M | 40M |
| Dec 19, 2023 |
S-1/A filing: This S-1/A filing relates to the potential resale and issuance of common stock and warrants of SportsMap Tech Acquisition Corp. in connection with a business combination with Infrared Cameras Holdings, Inc., including shares issued upon exercise of warrants and options, conversion of financing notes, and resale by various holders. |
3.6M | 40M |
| Dec 13, 2023 |
S-1/A filing: This S-1/A filing relates to the resale of common stock and private placement warrants, as well as the issuance of common stock underlying warrants and options, primarily in connection with SportsMap Tech Acquisition Corp.'s business combination with Infrared Cameras Holdings, Inc. |
3.6M | 41M |
| Dec 01, 2023 |
8-K filing: SportsMap Tech Acquisition Corp. entered into a subscription agreement with investors to issue $6.805 million in convertible promissory notes and warrants to purchase 340,250 shares of common stock in connection with the closing of a business combination. |
3.6M | 38M |
| Nov 20, 2023 |
10-Q filing | 3.6M shares outstanding |
3.6M | 38M |
| Nov 17, 2023 |
8-K filing: The Company entered into loan agreements with Noteholders, affiliates of SportsMap, LLC, and other third parties, for $600,000 in loans, issuing corresponding Notes and agreeing to cause Sponsor and other stockholders to transfer a pro rata portion of 60,000 Founder Shares to the Noteholders as an inducement. |
3.6M | 38M |
| Nov 13, 2023 |
S-1 filing: This S-1 filing covers the resale of shares of common stock and private placement warrants of SportsMap Tech Acquisition Corp. and the issuance of shares of common stock underlying warrants and options. |
3.6M | 38M |
| Aug 21, 2023 |
10-Q filing | 3.6M shares outstanding |
3.6M | 11M |
| May 23, 2023 |
8-K filing: The company entered into loan agreements with Noteholders, issuing promissory notes and a pro rata portion of 200,000 Founder Shares. Holders of Founder Shares agreed to contribute their pro rata portion of 200,000 Founder Shares to the Company for issuance under the Loan Agreements. |
3.6M | 11M |
| May 18, 2023 |
10-Q filing | 3.6M shares outstanding |
3.6M | 11M |
| Mar 31, 2023 |
10-K filing | 3.6M shares outstanding |
3.6M | 11M |
| Nov 10, 2022 |
10-Q filing | 3.6M shares outstanding |
3.6M | 11M |
| Aug 22, 2022 |
10-Q filing | 3.6M shares outstanding |
3.6M | 11M |
| Jul 19, 2022 |
10-Q filing | 3.6M shares outstanding |
3.6M | 11M |
| Jun 21, 2022 |
10-K filing | 2.9M shares outstanding |
2.9M | 11M |
| Dec 02, 2021 |
10-Q filing | 2.9M shares outstanding |
2.9M | 11M |
| Oct 27, 2021 |
8-K filing: SportsMap Acquisition Corp. consummated its initial public offering of 11,500,000 units at $10.00 per Unit, generating gross proceeds of $115,000,000, and also completed the private sale of 675,000 units at $10.00 per unit, generating gross proceeds of $6,750,000. ($243.5M proceeds) |
N/A | 11M |
| Oct 21, 2021 |
8-K filing: SportsMap Tech Acquisition Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and completed a private sale of 675,000 units at $10.00 per unit, generating gross proceeds of $6,750,000. ($121.75M proceeds) |
N/A | 11M |
| Sep 30, 2021 |
S-1 filing: SportsMap Tech Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. |
N/A | 11M |