MultiSensor AI Holdings Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities, Submission of Matters to a Vote of Security Holders
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Item 3.02 Unregistered Sales of Equity Securities.
As previously disclosed, on October 24, 2025, MultiSensor AI Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with 325 Capital, LLC (collectively with its affiliates, “325 Capital”) and certain other accredited investors (collectively with 325 Capital, the “Investors”), pursuant to which it agreed to sell to the Investors (i) an aggregate of 34,229,826 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and (ii) warrants (the “Warrants”) to purchase up to 68,459,652 shares of Common Stock, for an aggregate purchase price of $14.0 million before deducting placement agent fees and offering expenses (such transaction, the “Private Placement”).
Also as previously disclosed, on October 30, 2025, the initial closing of the Private Placement occurred, and the Company issued 6,970,890 shares of Common Stock and Warrants to purchase up to 13,941,780 shares of Common Stock to the Investors, for gross proceeds of $2.85 million before deducting placement agent fees and offering expenses. The gross proceeds from the sale of the remaining Shares and Warrants were funded by the Investors into a third-party escrow account. The remaining Shares and Warrants were to be issued contingent upon the Company’s receipt of stockholder approval of the Private Placement.
As discussed futher in Item 5.07 of this Current Report on Form 8-K, on December 19, 2025, the Company held a Special Meeting of Stockholders (the “Special Meeting”), at which the requisite stockholders of the Company approved the Private Placement. Following the Special Meeting, on December 23, 2025, the final closing occurred and (i) the Company issued 27,258,936 shares of Common Stock and Warrants to purchase up to 54,517,872 shares of Common Stock to the Investors and (ii) the remaining $11.15 million in gross proceeds from the Private Placement were released to the Company from the third-party escrow account.
The Private Placement is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Each of the Investors has represented to the Company that it is an accredited investor within the meaning of Rule 501(a) of Regulation D and that it is acquiring the applicable securities for investment only and not with a view towards, or for resale in connection with, the public sale or distribution thereof. The Shares and Warrants were offered and sold without any general solicitation by the Company or its representatives.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On December 19, 2025, the Company held the Special Meeting. A total of 21,840,858 shares of the Company’s Common Stock were present in person or represented by proxy at the Special Meeting, representing approximately 52.2% of the total voting power of the Company’s outstanding common stock as of the November 4, 2025 record date. The following are the voting results for the proposals considered and voted upon at the Special Meeting, each of which were described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on December 1, 2025.
Proposal 1: To approve the issuance, in excess of 19.99% of the shares of Common Stock of the Company issued and outstanding as of October 24, 2025, of additional shares of Common Stock issuable pursuant to the Purchase Agreement.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 13,503,070 | 1,383,232 | 1,004,403 | 0 |
Proposal 2: To approve a reverse stock split with respect to the Company’s issued and outstanding shares of Common Stock at a ratio in the range of any whole number between 1-for-2 and 1-for-100, with the exact ratio to be determined at the discretion of the Company’s Board of Directors (the “Board”), and effected at such time and date, if at all, as determined by the Board.
| FOR | AGAINST | ABSTAIN | ||
| 21,122,843 | 711,257 | 6,758 |
Each of the proposals acted upon by the Company’s stockholders at the Special Meeting received a sufficient number of votes to be approved. The Company’s stockholders did not vote on the proposal to adjourn the Special Meeting to a later date or time because such adjournment was not necessary. No other matters were submitted to or voted on by the Company’s stockholders at the Special Meeting.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MultiSensor AI Holdings, Inc. | ||
| Date: December 23, 2025 | By: | /s/ Robert Nadolny |
| Name: | Robert Nadolny | |
| Title: | Chief Financial Officer and Secretary | |