MultiSensor AI Holdings, Inc. (MSAI): Nasdaq/NYSE listing notice — Infrared Cameras receives Nasdaq delisting notice for insufficient public shares and round lot holders

MultiSensor AI Holdings, Inc.

Nasdaq notified Company on Dec 20, 2023 of non-compliance with initial listing Rule 5405(a): min 1.1M unrestricted publicly held shares and 400 round lot holders.
Company closed business combination on Dec 19, 2023; common and warrant shares trade under MSAI and MSAIW.
Company intends to appeal the Staff determination and pursue listing approval as promptly as possible.
Business combination with Legacy ICI completed; name changed from SportsMap Tech Acquisition Corp. to Infrared Cameras Holdings.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

MultiSensor AI Holdings, Inc. received a nasdaq deficiency notice notice regarding other (rules IM-5101-2, 5405(a)).

Exchange: nasdaq
Notice: deficiency notice
Rules: IM-5101-2, 5405(a)

Exact text from the filing

December 20, 2023, the Company received a written notice (the “Nasdaq Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Staff has determined that the Company has not complied with all of the requirements of the Nasdaq Rule IM-5101-2 since it has not demonstrated compliance with the requirement to have a minimum of 1.1 million “unrestricted publicly held shares” and a minimum of 400 “round lot holders” as required by the Nasdaq Listing Rule 5405(a) for initial listing on the Nasdaq Global Market. The Company intends to appeal the N

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MultiSensor AI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-127832

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