secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001493152-23-003467
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games raises $3.39M in registered direct offering of 144,366 shares at $23.50/share
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223003467/0001493152-23-003467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223003467/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer