Motorsport Games Faces Delisting Notice
Ticker: MSGM · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1821175
Sentiment: bearish
Topics: delisting, listing-rule-violation, sec-filing
Related Tickers: MSGM
TL;DR
MSGM got a delisting warning from Nasdaq, stock might be toast.
AI Summary
Motorsport Games Inc. filed an 8-K on November 20, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, incorporated in Delaware with its principal executive offices in Miami, Florida, is subject to potential delisting from the Nasdaq Stock Market.
Why It Matters
This filing indicates potential delisting from a major stock exchange, which could significantly impact the company's liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to trade on a public exchange, posing a severe risk to its valuation and accessibility for investors.
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- November 20, 2024 (date) — Date of earliest event reported
- Miami, Florida (location) — Principal executive offices
- Nasdaq Stock Market (company) — Exchange where delisting is a concern
FAQ
What specific listing rule has Motorsport Games Inc. failed to satisfy?
The filing does not specify the exact listing rule that Motorsport Games Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is November 20, 2024.
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.
Under which state is Motorsport Games Inc. incorporated?
Motorsport Games Inc. is incorporated in Delaware.
What is the Commission File Number for Motorsport Games Inc.?
The Commission File Number for Motorsport Games Inc. is 001-39868.
Filing Stats: 1,155 words · 5 min read · ~4 pages · Grade level 17.7 · Accepted 2024-11-22 16:30:30
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
- $2,500,000 — holders' equity requirement of at least $2,500,000 for continued inclusion on The Nasdaq C
- $2,170,911 — ompany reported stockholders' equity of $2,170,911, which was below the Stockholders' Equi
- $35 million — value of listed securities of at least $35 million or (ii) net income of $500,000 from con
- $500,000 — least $35 million or (ii) net income of $500,000 from continuing operations in the most
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-047405.txt ( ) — 215KB
- msgm-20241120.xsd (EX-101.SCH) — 3KB
- msgm-20241120_lab.xml (EX-101.LAB) — 33KB
- msgm-20241120_pre.xml (EX-101.PRE) — 24KB
- 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: November 22, 2024 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President