MultiSensor AI Holdings Files 8-K
Ticker: MSAIW · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1863990
| Field | Detail |
|---|---|
| Company | Multisensor Ai Holdings, INC. (MSAIW) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $2.5 million, $1,361,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, regulatory-filing, company-name-change
Related Tickers: MSAI
TL;DR
MSAI filed an 8-K, nothing major to see here.
AI Summary
MultiSensor AI Holdings, Inc. filed an 8-K on June 3, 2024, reporting other events and financial statements. The company, formerly known as Infrared Cameras Holdings, Inc. and Sportsmap Tech Acquisition Corp., is incorporated in Delaware and operates in the optical instruments and lenses sector. The filing does not disclose specific financial figures or new material events beyond routine reporting.
Why It Matters
This 8-K filing serves as a notification of events and financial statement disclosures for MultiSensor AI Holdings, Inc., providing transparency to investors about the company's regulatory compliance.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not contain information indicating significant new risks or material adverse events.
Key Players & Entities
- MultiSensor AI Holdings, Inc. (company) — Registrant
- Infrared Cameras Holdings, Inc. (company) — Former company name
- Sportsmap Tech Acquisition Corp. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- June 3, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for MultiSensor AI Holdings, Inc.?
The primary purpose of this 8-K filing is to report 'Other Events' and 'Financial Statements and Exhibits' as of June 3, 2024.
What were the previous names of MultiSensor AI Holdings, Inc.?
MultiSensor AI Holdings, Inc. was formerly known as Infrared Cameras Holdings, Inc. (name change effective December 19, 2023) and prior to that, Sportsmap Tech Acquisition Corp. (name change effective May 24, 2021).
In which state is MultiSensor AI Holdings, Inc. incorporated?
MultiSensor AI Holdings, Inc. is incorporated in Delaware.
What is the SIC code associated with MultiSensor AI Holdings, Inc.?
The Standard Industrial Classification (SIC) code for MultiSensor AI Holdings, Inc. is 3827, which corresponds to 'Optical Instruments & Lenses'.
What is the business address and phone number listed for MultiSensor AI Holdings, Inc.?
The business address is 2105 West Cardinal Drive, Beaumont, TX 77705, and the business phone number is (866) 861-0788.
Filing Stats: 714 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-04 16:15:24
Key Financial Figures
- $0.0001 — ge on which registered Common stock, $0.0001 par value per share MSAI The NASDAQ
- $2.5 million — tinued listing standard of a minimum of $2.5 million of stockholders equity set forth in Nas
- $1,361,000 — ompany reported stockholders' equity of $1,361,000 in its Quarterly Report on Form 10-Q fo
Filing Documents
- tm2416437d1_8k.htm (8-K) — 35KB
- tm2416437d1_ex99-1.htm (EX-99.1) — 9KB
- tm2416437d1_ex99-1img001.jpg (GRAPHIC) — 5KB
- 0001104659-24-068250.txt ( ) — 276KB
- msai-20240603.xsd (EX-101.SCH) — 4KB
- msai-20240603_pre.xml (EX-101.PRE) — 25KB
- msai-20240603_lab.xml (EX-101.LAB) — 36KB
- msai-20240603_def.xml (EX-101.DEF) — 26KB
- tm2416437d1_8k_htm.xml (XML) — 8KB
01
Item 8.01 Other Events On June 3, 2024, the MultiSensor AI Holdings, Inc. (the "Company") received written notification from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company has demonstrated compliance with the Nasdaq continued listing criteria. Accordingly, the Company will be removed from the list published by Nasdaq of companies that are noncompliant with its continued listing standards. As previously disclosed, o n March 21, 2024, the Company appealed certain determinations made by the Nasdaq Listing Qualifications Department that the Company had failed to comply with listing standards for The Nasdaq Global Market. That appeal was heard by a Nasdaq Hearings Panel (the "Panel"). Subsequent to the hearing, the Company requested a transfer of its listing from The Nasdaq Global Market to The Nasdaq Capital Market, which was granted, subject to the Company filing a Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 that demonstrated compliance with the Nasdaq Capital Market continued listing standard of a minimum of $2.5 million of stockholders equity set forth in Nasdaq Listing Rule 5550(b)(1). The Company reported stockholders' equity of $1,361,000 in its Quarterly Report on Form 10-Q for the period ended March 31, 2024 filed on May 15, 2024 (the "Quarterly Report"), but the Company also demonstrated in that Quarterly Report that following a number of capital transactions completed by the Company after the close of the March 31, 2024 quarter the Company had in excess of $2.5 million in stockholders' equity on a pro forma, as adjusted basis. See Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, "Recent Developments with Capital Structure" in the Quarterly Report. On June 3, 2024, the Panel notified the Company that the Company had demonstrated compliance with the stockholders' equity requirement, as set forth in the Equity Rule. The Company's appeal has been successfully concluded. T
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated June 4, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MultiSensor AI Holdings, Inc. Date: June 4, 2024 By: /s/ Peter Baird Name: Peter Baird Title: Chief Financial Officer