Home / Going-concern warnings / MultiSensor AI Holdings, Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001558370-25-011382 nano
Price before filing: $33.06 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $28.5M (2025-08-13) 路 Latest: $3.8M (2026-10-16)
| Window | MSAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -8.0% | +2.3% | -10.3% | 2025-09-12 |
| 90 days | +36.7% | +6.6% | +30.2% | 2025-11-11 |
| 180 days | -62.1% | +8.6% | -70.7% | 2026-02-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $232K (13 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-03 | Strahan Gary Eugene 10% owner | Sale | 1,868 | $0.82 | $2K | no | Form 4 |
| 2025-06-03 | Strahan Gary Eugene 10% owner | Sale | 1,132 | $0.80 | $906 | no | Form 4 |
| 2025-06-04 | Strahan Gary Eugene 10% owner | Sale | 3,500 | $0.80 | $3K | no | Form 4 |
| 2025-06-09 | Strahan Gary Eugene 10% owner | Sale | 20,000 | $0.72 | $14K | no | Form 4 |
| 2025-06-10 | Strahan Gary Eugene 10% owner | Sale | 7,000 | $0.72 | $5K | no | Form 4 |
| 2025-06-12 | Strahan Gary Eugene 10% owner | Sale | 8,350 | $0.74 | $6K | no | Form 4 |
| 2025-06-20 | Strahan Gary Eugene 10% owner | Sale | 21,470 | $0.66 | $14K | no | Form 4 |
| 2025-06-23 | Strahan Gary Eugene 10% owner | Sale | 76,711 | $0.55 | $42K | no | Form 4 |
| 2025-07-07 | Strahan Gary Eugene 10% owner | Sale | 26,969 | $0.67 | $18K | no | Form 4 |
| 2025-07-17 | Strahan Gary Eugene 10% owner | Sale | 363 | $0.81 | $293 | no | Form 4 |
| 2025-07-18 | Strahan Gary Eugene 10% owner | Sale | 34,959 | $0.75 | $26K | no | Form 4 |
| 2025-07-21 | Strahan Gary Eugene 10% owner | Sale | 89,265 | $0.75 | $67K | no | Form 4 |
| 2025-07-28 | Strahan Gary Eugene 10% owner | Sale | 42,775 | $0.78 | $33K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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