secwatch.observer — SEC 8-K summary
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Issuer:     MultiSensor AI Holdings, Inc. (MSAI)
CIK:        0001863990
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001104659-23-122903
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SportsMap Tech raises $6.8M in convertible notes for ICI merger
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- Subscription agreement for $6.805M convertible notes; $4.3M net cash, $1.48M exchanged for existing SportsMap notes, $1M rolled over from ICI note.
- Notes bear 9% interest (cash) or 11% (stock), mature 3 years post-closing, convertible at $10.00 per share.
- Investors receive 340,250 warrants at $11.50/share and 680,500 inducement shares from founders/ICI stockholders.
- David Gow (CEO) and Steven Webster (director) participate; closing contingent on business combination.
- ICI announces SmartIR platform now available in AWS Marketplace for AI-powered predictive maintenance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923122903/0001104659-23-122903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923122903/tm2332013d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-122903

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