Amendment to Schedule 13D for MultiSensor AI Holdings, Inc.

The filing is an amendment to Schedule 13D for MultiSensor AI Holdings, Inc., detailing significant changes in ownership and transactions involving the company's common stock. The Reporting Persons, including 325 Capital Master Fund LP and other entities, have acquired a substantial number of shares through private placements and warrant exercises. The amendment also outlines a new Securities Purchase Agreement (2025 Purchase Agreement) entered into on October 24, 2025, which involves the purchase of additional shares and warrants. The Reporting Persons now beneficially own approximately 31.2% of the outstanding shares, including shares to be acquired upon the Initial Closing. The filing also includes details on the terms of the Warrants, Preferred Stock, and related agreements, such as the 2025 Registration Rights Agreement and 2025 Voting Agreement.