MultiSensor AI Announces Waiver of Earnout Share Issuance and Release of Lock-Up Restrictions [Yahoo! Finance]
MultiSensor AI Holdings, Inc. (MSAI)
Company Research
Source: Yahoo! Finance
space, today announced that it had entered into an agreement (the "Earnout Waiver Agreement") to terminate a provision of its Business Combination Agreement (the "Earnout Provision") with SportsMap Tech Acquisition Corp., dated December 5, 2022. The Earnout Provision would have required the Company to issue of up to 2,400,000 shares of the Company's common stock to certain former stakeholders of Infrared Cameras Holdings, Inc., the target operating company that was party to the business combination. The Earnout Provision was contingent on the future achievement of certain triggering events. The Earnout Waiver Agreement, cancelling the Earnout Provision, is effective as of March 7, 2024. Additionally, the Company today announced that it has agreed to waive the lock-up restriction (the "Lock-Up Waiver") with respect to 2,123,746 shares of the Company's common stock which are currently subject to lock-up and held by investors who are unaffiliated with the Company. The Lock-Up Waiver is
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News
- MultiSensor AI Announces Investor Agreements for the Conversion of $6.555 Million Convertible Debt to Equity [Yahoo! Finance]Yahoo! Finance
- MultiSensor AI Announces Investor Agreements for the Conversion of $6.555 Million Convertible Debt to EquityAccesswire
- MultiSensor AI Announces Launch of MSAI Inspections Business [Yahoo! Finance]Yahoo! Finance
- MultiSensor AI Announces Launch of MSAI Inspections BusinessAccesswire
- MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) is now covered by analysts at Roth Mkm. They set a "buy" rating and a $8.00 price target on the stock.MarketBeat
MSAI
Sec Filings
- 5/15/24 - Form 10-Q
- 5/14/24 - Form EFFECT
- 5/13/24 - Form 424B3
- MSAI's page on the SEC website