secwatch.observer — SEC 8-K summary
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Issuer:     MultiSensor AI Holdings, Inc. (MSAI)
CIK:        0001863990
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001104659-23-128275
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 5.06, 3.02, 3.03, 5.03, 4.01, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Infrared Cameras Holdings closes SPAC merger; faces Nasdaq listing deficiency
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- Business combination closed Dec 19, 2023; Legacy ICI merged into SMAP, now Infrared Cameras Holdings (MSAI, MSAIW).
- ~1.49M shares redeemed at ~$11/share (~$16.4M); 11,956,823 shares outstanding post-closing.
- Gary Strahan (CEO), Steve Winch (President), Peter Baird (CFO) appointed; new 7-member board.
- Nasdaq Notice of non-compliance: insufficient unrestricted publicly held shares & round lot holders; appeal planned.
- Issued $6.805M convertible notes and warrants to purchase 340,250 shares as part of Financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923128275/0001104659-23-128275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863990/000110465923128275/tm2333384d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128275

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