---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-087582"
form_type: "8-K"
ticker: "MSAI"
cik: "0001863990"
company_name: "MultiSensor AI Holdings, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:30:27.300738+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SportsMap Tech Acquisition Corp. to merge with Infrared Cameras Holdings at $149M enterprise value

## Summary
- Transaction implies pro forma enterprise value of $149M, 6.7x NTM revenue of $22.1M.
- Existing ICI shareholders to roll 100% of equity; earnout of up to 2.4M shares on price and revenue targets.
- Expected close in H2 2023; ~$20M cash on balance sheet post-close to fund growth.
- No PIPE commitments secured as of filing; non-redemption agreements not guaranteed.

## SEC filing metadata
- accession: 0001104659-23-087582
- form_type: 8-K
- ticker: MSAI
- cik: 0001863990
- company_name: MultiSensor AI Holdings, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863990/000110465923087582/0001104659-23-087582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863990/000110465923087582/tm2322501d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-087582
- JSON: https://secwatch.observer/filing/0001104659-23-087582.json
- Plain text: https://secwatch.observer/filing/0001104659-23-087582.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.