secwatch.observer — SEC 8-K summary
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Issuer:     MultiSensor AI Holdings, Inc. (MSAI)
CIK:        0001863990
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001104659-24-047986
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSAI enters $25M equity line with B. Riley Principal Capital II
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- Up to $25M of newly issued common stock at Company's discretion over 36 months from Commencement Date.
- Purchase price at 3.0% discount to VWAP; subject to volume and price thresholds.
- Issued 171,821 commitment shares (~$2.91/share) as commitment fee; potential $500k make-whole payment.
- Company controls timing and amount of sales; no obligation to sell; proceeds for working capital.
- B. Riley agrees not to engage in short sales or hedging that establishes net short position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863990/000110465924047986/0001104659-24-047986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863990/000110465924047986/tm249917d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-047986

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