---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-102012"
form_type: "8-K"
ticker: "MSAI"
cik: "0001863990"
company_name: "MultiSensor AI Holdings, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:34:40.610250+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SportsMap and ICI amend merger agreement for RSU conversion and dilution adjustments

## Summary
- Amendment No. 2 executed Sept 17, 2023 addresses treatment of ICI restricted stock units in the business combination.
- ICI RSU awards will convert into SportsMap common stock RSUs on substantially similar terms upon closing.
- Definitions added for Company RSU Awards, Exchanged RSU Awards; Participating Fully Diluted Shares Outstanding updated for RSU shares.
- Exchange Ratio and earnout calculations adjusted to include shares underlying RSU awards.
- SportsMap will issue up to 2.4M earnout shares to equity holders, including RSU holders, upon a triggering event.

## SEC filing metadata
- accession: 0001104659-23-102012
- form_type: 8-K
- ticker: MSAI
- cik: 0001863990
- company_name: MultiSensor AI Holdings, Inc.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/0001104659-23-102012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/tm2325220d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-102012
- JSON: https://secwatch.observer/filing/0001104659-23-102012.json
- Plain text: https://secwatch.observer/filing/0001104659-23-102012.txt

## Key facts
- Material Agreements
  MultiSensor AI Holdings, Inc. entered into Business Combination Agreement with SportsMap Tech Acquisition Corp., Infrared Cameras Holdings, Inc., and ICH Merger Sub Inc. (effective 2022-12-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: SportsMap Tech Acquisition Corp., Infrared Cameras Holdings, Inc., and ICH Merger Sub Inc.
  - Effective: 2022-12-05
  source text: on December 5, 2022, SportsMap Tech Acquisition Corp., a Delaware corporation (“ SportsMap ”), entered into an Business Combination Agreement (as amended, and as it may be further amended, supplemented or otherwise modified from time to time, the “ Business Combination Agreement ”), by and among SportsMap and Infrared Cameras Holdings, Inc., a Delaware corporation (“ ICI ”), and ICH Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of SportsMap (“ Merger Sub ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/0001104659-23-102012-index.htm
- Material Agreements
  MultiSensor AI Holdings, Inc. amended Amendment No. 2 to the Business Combination Agreement with SportsMap Tech Acquisition Corp., Infrared Cameras Holdings, Inc., and ICH Merger Sub Inc. (effective 2023-09-17).
  - Action: amendment
  - Agreement: merger
  - Counterparty: SportsMap Tech Acquisition Corp., Infrared Cameras Holdings, Inc., and ICH Merger Sub Inc.
  - Effective: 2023-09-17
  source text: On September 17, 2023, the parties to the Business Combination Agreement entered into Amendment No. 2 to the Business Combination Agreement (the “ Amendment ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/0001104659-23-102012-index.htm

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