secwatch.observer — SEC 8-K summary
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Issuer:     MultiSensor AI Holdings, Inc. (MSAI)
CIK:        0001863990
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001104659-23-102012
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SportsMap and ICI amend merger agreement for RSU conversion and dilution adjustments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/0001104659-23-102012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923102012/tm2325220d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer