---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031696"
form_type: "8-K"
ticker: "MSAI"
cik: "0001863990"
company_name: "MultiSensor AI Holdings, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:58:47.075963+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MultiSensor AI cancels 2.4M earnout shares, releases 2.12M shares from lock-up to aid Nasdaq compliance

## Summary
- Earnout provision terminated effective March 7, 2024; up to 2,400,000 shares would have been issued upon certain triggers.
- Lock-up restrictions waived for 2,123,746 shares held by non-affiliates; no change for affiliates.
- Nasdaq hearing scheduled for March 21, 2024 regarding non-compliance with listing standards; possible extension through June 17, 2024.
- Lock-up waiver is intended to help satisfy Nasdaq's initial listing requirements.

## SEC filing metadata
- accession: 0001104659-24-031696
- form_type: 8-K
- ticker: MSAI
- cik: 0001863990
- company_name: MultiSensor AI Holdings, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863990/000110465924031696/0001104659-24-031696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863990/000110465924031696/tm248123d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031696
- JSON: https://secwatch.observer/filing/0001104659-24-031696.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031696.txt

## Key facts
- Material Agreements
  MultiSensor AI Holdings, Inc. entered into Lock-Up Waiver Agreement (effective 2024-03-07).
  - Action: entry
  - Effective: 2024-03-07
  source text: the Company entered into an agreement to waive the lock-up restrictions (the “Lock-Up Waiver Agreement”) with respect to 2,123,746 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863990/000110465924031696/0001104659-24-031696-index.htm
- Material Agreements
  MultiSensor AI Holdings, Inc. terminated Earnout Waiver Agreement (effective 2024-03-07).
  - Action: termination
  - Agreement: asset purchase
  - Effective: 2024-03-07
  source text: MultiSensor AI Holdings, Inc. (the “Company”) today entered into an agreement (the “Earnout Waiver Agreement”) to terminate a provision of the Business Combination Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863990/000110465924031696/0001104659-24-031696-index.htm

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