{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039127","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.724556+00:00","generated_at":"2026-06-09T00:51:56.712119+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Motorsport Games cuts ~40% of workforce (~38 employees) in Australia and UK","bullets":["Restructuring charge estimated $0.4M-$0.5M, mostly in Q4 2023.","Reduction primarily affects Australia and UK operations; 38 employees impacted.","Company cites need to reduce year-over-year operating expenses.","Cash payments expected to be substantially complete by end of Q4 2023.","Subject to legal requirements in Australia and UK, may extend beyond Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039127","json":"https://secwatch.observer/filing/0001493152-23-039127.json","markdown":"https://secwatch.observer/filing/0001493152-23-039127.md","text":"https://secwatch.observer/filing/0001493152-23-039127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/0001493152-23-039127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:51:56.712119+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":"d0582305e80998b60b21dc9c33a554b6300f6c66","claim":"Motorsport Games Inc. announced a restructuring with charges of $0.4 to $0.5 million affecting Australia and the United Kingdom (approximately 38 employees).","evidence_excerpt":"on October 29, 2023, the Company determined to implement additional measures to continue to bring down its year-over-year operating expense through a reduction of the Company’s workforce primarily in Australia and the United Kingdom by approximately 38 employees. The workforce reduction is expected to impact approximately 40% of the Company’s employees worldwide. The Company expects to record a restructuring charge related to the workforce reduction, primarily consisting of severance and redundancy costs, in a preliminary estimated range of $0.4 to $0.5 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/0001493152-23-039127-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$0.4 to $0.5 million"},{"label":"Affected area","value":"Australia and the United Kingdom"},{"label":"Headcount","value":"approximately 38 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}