---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034980"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:56:14.771984+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games signs equity line with Alumni Capital for up to $10M in common stock

## Summary
- Initial purchase amount $2M, can increase to $10M at company's option until Dec 31, 2023.
- Purchase price set at 90% of VWAP (Option I) or 96% of lowest daily VWAP after notice (Option II).
- Per notice cap: $500k under Option I, $1M under Option II; aggregate share cap of 373,284 (19.99% of outstanding).
- Company issued $40,000 in commitment shares to Alumni Capital as consideration for the commitment.
- Proceeds expected for product development and general corporate purposes; investor barred from short selling or hedging.

## SEC filing metadata
- accession: 0001493152-22-034980
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315222034980/0001493152-22-034980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315222034980/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034980
- JSON: https://secwatch.observer/filing/0001493152-22-034980.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034980.txt

## Key facts
- Material Agreements
  Motorsport Games Inc. entered into Purchase Agreement with Alumni Capital LP valued at up to $2,000,000 (effective 2022-12-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Alumni Capital LP
  - Value: up to $2,000,000
  - Effective: 2022-12-09
  source text: On December 9, 2022, Motorsport Games Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Alumni Capital LP (“Alumni Capital”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, the Company may sell to Alumni Capital up to $2,000,000 (the “Initial Purchase Amount”) of shares of its Class A common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315222034980/0001493152-22-034980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.