Summary by Moomoo AI
On April 30, 2024, MultiSensor AI Holdings, Inc., also known as Infrared Cameras, filed a Form 8-K with the SEC to report the amendment of certain convertible notes. The company, incorporated in Delaware and listed on the NASDAQ with the trading symbol MSAI, entered into agreements to amend the conversion price of notes with a principal balance of $430,000. The conversion price for the principal amount was adjusted to $5.00 per share of common stock, and for the interest amount to $10.00 per share. As a result of these amendments, the note holders elected to convert their notes into 87,411 shares of common stock on the same day. Following this conversion, MultiSensor AI Holdings has $250,000 of notes remaining outstanding. The company is identified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards. The full text of the Note Amendment is included as Exhibit 10.1 in the report.