Motorsport Games Files 8-K for Material Agreement
Ticker: MSGM · Form: 8-K · Filed: May 1, 2024 · CIK: 1821175
Sentiment: neutral
Topics: material-agreement, 8-k
Related Tickers: MSGM
TL;DR
MSGM filed an 8-K for a material agreement, details TBD.
AI Summary
On April 26, 2024, Motorsport Games Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company, incorporated in Delaware with its principal executive offices in Miami, Florida, is primarily involved in prepackaged software services.
Why It Matters
This filing indicates a significant development for Motorsport Games Inc., potentially impacting its business operations and future strategies.
Risk Assessment
Risk Level: medium — The filing itself is routine, but the lack of specific details about the material agreement introduces uncertainty.
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- April 26, 2024 (date) — Date of earliest event reported
- Miami, Florida (location) — 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 26, 2024?
The filing does not disclose the specific terms or nature of the material definitive agreement.
What is the primary business of Motorsport Games Inc. according to the filing?
Motorsport Games Inc. is primarily involved in prepackaged software services, as indicated by its SIC code.
Where are the principal executive offices of Motorsport Games Inc. located?
The principal executive offices of Motorsport Games Inc. are located at 5972 NE 4th Avenue, Miami, FL 33137.
What is the state of incorporation for Motorsport Games Inc.?
Motorsport Games Inc. is incorporated in Delaware.
What is the SEC file number for Motorsport Games Inc.'s 8-K filing?
The SEC file number for this 8-K filing is 001-39868.
Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-05-01 08:30:22
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
- $250,000 — ts. The consideration of the assets was $250,000 consisting of $200,000 cash payment at
- $200,000 — f the assets was $250,000 consisting of $200,000 cash payment at closing and $50,000 in
- $50,000 — of $200,000 cash payment at closing and $50,000 in value of marketing services to be pr
Filing Documents
- form8-k.htm (8-K) — 42KB
- ex10-1.htm (EX-10.1) — 178KB
- ex10-1_001.jpg (GRAPHIC) — 1KB
- ex10-1_002.jpg (GRAPHIC) — 4KB
- 0001493152-24-017358.txt ( ) — 430KB
- msgm-20240426.xsd (EX-101.SCH) — 3KB
- msgm-20240426_lab.xml (EX-101.LAB) — 33KB
- msgm-20240426_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: May 1, 2024 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President 3 EXHIBIT INDEX Exhibit No. Description 10.1 Asset Purchase Agreement, dated as of April 26, 2024, between the Company and Traxion.GG Limited 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4