secwatch.observer — SEC 8-K summary
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Issuer:     MultiSensor AI Holdings, Inc. (MSAI)
CIK:        0001863990
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001104659-24-044610
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MultiSensor AI wins Nasdaq continued listing; converts $1.65M notes to common stock
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- Nasdaq Panel granted continued listing subject to filing Q1 10-Q with >$2.5M stockholders equity by May 15, 2024.
- Transfer to Nasdaq Capital Market moots prior $50M market value deficiency notice.
- Converted $1.65M aggregate principal of convertible notes into 334,397 shares at $10/share, including 165,000 inducement shares.
- Company expects to demonstrate >$2.5M equity as of March 31, 2024; failure could trigger delisting.
- Inducement shares require resale registration statement within 30 days of conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863990/000110465924044610/0001104659-24-044610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863990/000110465924044610/tm2411272d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-044610

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