Motorsport Games Files 8-K: Material Agreement, Equity Sales
Ticker: MSGM · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1821175
Sentiment: neutral
Topics: material-agreement, equity-sale, 8-k
TL;DR
Motorsport Games signed a big deal & sold stock, filing shows.
AI Summary
On July 26, 2024, Motorsport Games Inc. entered into a Material Definitive Agreement, the details of which are not fully disclosed in this filing. The company also reported on unregistered sales of equity securities and other events. The filing includes financial statements and exhibits.
Why It Matters
This filing indicates significant corporate actions by Motorsport Games Inc., including a new material agreement and equity transactions, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement and unregistered sales of equity, which can introduce financial and operational risks if not managed properly.
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- July 26, 2024 (date) — Date of earliest event reported
- 001-39868 (other) — Commission File Number
- Miami, FL (location) — Principal executive offices address
FAQ
What is the nature of the Material Definitive Agreement entered into by Motorsport Games Inc. on July 26, 2024?
The filing states that Motorsport Games Inc. entered into a Material Definitive Agreement on July 26, 2024, but the specific details of this agreement are not provided in this document.
What type of equity securities were sold by Motorsport Games Inc. under unregistered sales?
The filing mentions 'Unregistered Sales of Equity Securities' as an item, but does not specify the type or amount of equity securities sold.
What is the principal executive office address for Motorsport Games Inc.?
The principal executive offices of Motorsport Games Inc. are located at 5972 NE 4th Avenue, Miami, FL 33137.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on July 26, 2024.
What is the Commission File Number for Motorsport Games Inc.?
The Commission File Number for Motorsport Games Inc. is 001-39868.
Filing Stats: 1,514 words · 6 min read · ~5 pages · Grade level 10.9 · Accepted 2024-07-29 07:05:18
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
- $2.17 — A Warrant and one Series B Warrant) is $2.17 and the offering price per Pre-Funded W
- $2.1699 — A Warrant and one Series B Warrant) is $2.1699. Each Pre-Funded Warrant is exercisable
- $1.0 million — eeds from the offering of approximately $1.0 million. The offering is expected to close on o
- $30,000 — d to pay Wainwright certain expenses of $30,000 for non-accountable expenses and $15,95
- $15,950 — 30,000 for non-accountable expenses and $15,950 for clearing fees. Additionally, the Co
- $2.7125 — Warrants will have an exercise price of $2.7125 per share (representing 125% of the com
Filing Documents
- form8-k.htm (8-K) — 61KB
- ex4-1.htm (EX-4.1) — 96KB
- ex4-2.htm (EX-4.2) — 112KB
- ex4-3.htm (EX-4.3) — 120KB
- ex4-4.htm (EX-4.4) — 113KB
- ex5-1.htm (EX-5.1) — 17KB
- ex10-1.htm (EX-10.1) — 271KB
- ex99-1.htm (EX-99.1) — 23KB
- ex5-1_001.jpg (GRAPHIC) — 5KB
- 0001493152-24-029369.txt ( ) — 1164KB
- msgm-20240726.xsd (EX-101.SCH) — 3KB
- msgm-20240726_lab.xml (EX-101.LAB) — 33KB
- msgm-20240726_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: July 29, 2024 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President 4