Motorsport Games Files 8-K for Material Definitive Agreement
Ticker: MSGM · Form: 8-K · Filed: Apr 18, 2024 · CIK: 1821175
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Motorsport Games signed a big deal, details TBD.
AI Summary
On April 12, 2024, Motorsport Games Inc. entered into a material definitive agreement. The company, incorporated in Delaware with its principal executive offices in Miami, FL, filed this 8-K report to disclose this event. The filing does not provide specific details about the agreement or any associated financial figures.
Why It Matters
This filing indicates a significant new agreement for Motorsport Games Inc., which could impact its business operations and future financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications for the company, but lacks specific details to fully assess the risk.
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- April 12, 2024 (date) — Date of earliest event reported
- Miami, FL (location) — Address of principal executive offices
- Delaware (location) — State of incorporation
FAQ
What is the nature of the material definitive agreement entered into by Motorsport Games Inc. on April 12, 2024?
The filing does not specify the nature of the material definitive agreement.
Are there any financial terms or dollar amounts associated with this material definitive agreement?
The filing does not disclose any specific financial terms or dollar amounts related to the agreement.
Who are the other parties involved in this material definitive agreement?
The filing does not identify the other parties to the agreement.
What is the expected impact of this agreement on Motorsport Games Inc.'s business operations?
The filing does not provide information on the expected impact of the agreement.
When was this material definitive agreement officially entered into?
The agreement was entered into on April 12, 2024, which is the date of the earliest event reported.
Filing Stats: 1,065 words · 4 min read · ~4 pages · Grade level 14.7 · Accepted 2024-04-18 09:00:32
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
- $225,000 — f (i) the Company's one-time payment of $225,000 to TOCA and (ii) the Company and TOCA e
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex10-1.htm (EX-10.1) — 38KB
- ex10-2.htm (EX-10.2) — 124KB
- ex10-2_001.jpg (GRAPHIC) — 6KB
- ex10-2_002.jpg (GRAPHIC) — 5KB
- ex10-2_003.jpg (GRAPHIC) — 97KB
- 0001493152-24-015125.txt ( ) — 559KB
- msgm-20240412.xsd (EX-101.SCH) — 3KB
- msgm-20240412_lab.xml (EX-101.LAB) — 33KB
- msgm-20240412_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. Motorsport Games Inc. Date: April 18, 2024 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President 3 EXHIBIT INDEX Exhibit No. Description 10.1 Settlement Agreement, dated as of April 12, 2024, between the Company and BARC (TOCA) LIMITED 10.2* License Agreement, dated as of April 12, 2024, between the Company and BARC (TOCA) LIMITED 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Portions of the exhibit, marked by brackets, have been omitted because the omitted information (i) is not material and (ii) is the type that the Company treats as private or confidential. 4