{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-003467","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.789101+00:00","generated_at":"2026-06-20T01:14:58.859233+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Motorsport Games raises $3.39M in registered direct offering of 144,366 shares at $23.50/share","bullets":["Gross proceeds of $3.39M from sale of 144,366 Class A common shares at $23.50/share.","Offering expected to close on or about February 3, 2023.","Net proceeds to fund game development, working capital, and general corporate purposes.","H.C. Wainwright acts as placement agent; receives 7% fee plus warrants for 8,662 shares at $29.375.","Shares offered under effective S-3 registration statement (File No. 333-262462)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-003467","json":"https://secwatch.observer/filing/0001493152-23-003467.json","markdown":"https://secwatch.observer/filing/0001493152-23-003467.md","text":"https://secwatch.observer/filing/0001493152-23-003467.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223003467/0001493152-23-003467-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223003467/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T01:14:58.859233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26321e2c98c534687882f8c0709c035b052b42a2","claim":"Motorsport Games Inc. entered into Purchase Agreement with the Purchasers valued at approximately $3.39 million (effective 2023-02-02).","evidence_excerpt":"On February 2, 2023, Motorsport Games Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with the purchasers listed on the signature pages thereto (the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers an aggregate of 144,366 shares (the “Registered Shares”) of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in a registered direct offering priced at-the-market under Nasdaq rules (the “Offering”) for a purchase price of $23.50 per Registered Share. The Company expects to receive aggregate gross proceeds from the Offering of approximately $3.39 million, before deducting placement agent fees and other offering expenses.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223003467/0001493152-23-003467-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the Purchasers"},{"label":"Value","value":"approximately $3.39 million"},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}