Motorsport Games Inc. Files S-1 for Public Offering
Ticker: MSGM · Form: S-1 · Filed: Aug 20, 2024 · CIK: 1821175
Sentiment: neutral
Topics: s-1, ipo-filing, registration-statement
TL;DR
Motorsport Games Inc. just filed an S-1, meaning they're gearing up to sell stock to the public. Watch this space.
AI Summary
Motorsport Games Inc. filed an S-1 registration statement with the SEC on August 20, 2024, to register securities for potential sale. The company, incorporated in Delaware and headquartered in Miami, Florida, is involved in the pre-packaged software industry. This filing indicates the company is preparing to offer its securities to the public, though specific details on the number of shares or price were not immediately available in this excerpt.
Why It Matters
This S-1 filing signals Motorsport Games Inc.'s intention to raise capital through the public markets, which could fund future development, expansion, or operational needs.
Risk Assessment
Risk Level: medium — As an S-1 filing, it represents a company seeking public investment, which inherently carries market and execution risks for investors.
Key Numbers
- 333-281661 — SEC File Number (Identifies this specific registration statement with the SEC.)
- 0001821175 — Central Index Key (Unique identifier for the filer in the SEC's EDGAR system.)
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- August 20, 2024 (date) — Filing Date
- Miami, Florida (location) — Company Headquarters
- Delaware (location) — State of Incorporation
- Stephen Hood (person) — President and Chief Executive Officer
- Blank Rome LLP (company) — Legal Counsel
FAQ
What is the purpose of this S-1 filing?
The S-1 filing is a registration statement filed with the SEC to register securities for public sale, indicating the company's intent to raise capital from investors.
When was this S-1 filing submitted?
The S-1 filing was submitted to the SEC on August 20, 2024.
Where is Motorsport Games Inc. headquartered?
Motorsport Games Inc. is headquartered at 5972 NE 4th Avenue, Miami, Florida 33137.
Who is the President and CEO of Motorsport Games Inc.?
Stephen Hood is the President and Chief Executive Officer of Motorsport Games Inc.
What is the company's primary industry classification?
The company's primary Standard Industrial Classification (SIC) code is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 4,438 words · 18 min read · ~15 pages · Grade level 16.5 · Accepted 2024-08-20 16:12:11
Key Financial Figures
- $0.0001 — ares of Class A common stock, par value $0.0001 per share (the “Class A common st
- $1.27 — stock on the Nasdaq Capital Market was $1.27 per share. Investing in our Class A c
- $2.9 million — e, inclusive of unpaid installments, of $2.9 million. Recent Financing Developments Regi
- $2.17 — A Warrant and one Series B Warrant) was $2.17 and the offering price per Pre-Funded W
- $2.1699 — A Warrant and one Series B Warrant) was $2.1699. Each Pre-Funded Warrant is exercisable
- $1.0 million — eeds from the Offering of approximately $1.0 million. The Offering closed on July 29, 2024.
Filing Documents
- forms-1.htm (S-1) — 744KB
- ex5-1.htm (EX-5.1) — 11KB
- ex23-1.htm (EX-23.1) — 4KB
- ex107.htm (EX-FILING FEES) — 18KB
- forms-1_001.jpg (GRAPHIC) — 6KB
- ex5-1_001.jpg (GRAPHIC) — 2KB
- 0001493152-24-033269.txt ( ) — 790KB
USE OF PROCEEDS
USE OF PROCEEDS 8 DIVIDEND POLICY 8 DETERMINATION OF THE OFFERING PRICE 8
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 9 DESCRIPTION OF THE PRIVATE PLACEMENT 14 SELLING STOCKHOLDERS 16 PLAN OF DISTRIBUTION 18 LEGAL MATTERS 19 EXPERTS 19 WHERE YOU CAN FIND ADDITIONAL INFORMATION 19 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 19 i. ABOUT THIS PROSPECTUS You should rely only on the information we have provided or incorporated by reference into this prospectus and any related free writing prospectus. We have not authorized anyone to provide you with information different from that contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus. You must not rely on any unauthorized information or representation. This prospectus is an offer to sell only the shares of Class A common stock offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. You should assume that the information in this prospectus or any related free writing prospectus is accurate only as of the date on the front of the document and that any information we have incorporated by reference is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of a security. This prospectus and the documents incorporated by reference into this prospectus include statistical and other industry and market data that we obtained from industry publications and research, surveys and studies conducted by third parties. Industry publications and third-party research, surveys and studies generally indicate that their information has been obtained from sources believed to be reliable, although they do not guarantee the accuracy or completeness of such information. We believe that the data obtained from these ind