---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-041093"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:56:43.675551+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# INDYCAR terminates license agreements with Motorsport Games effective immediately

## Summary
- INDYCAR LLC delivered notice on Nov 8, 2023 terminating both license agreements dated July 13, 2021.
- Termination effective immediately due to alleged failure to make INDYCAR video games available in US and host minimum esports events.
- Company is evaluating validity of termination notice and demands for payments under the agreements.
- Licenses covered motorsports/racing video game products and esports events themed after the INDYCAR series.

## SEC filing metadata
- accession: 0001493152-23-041093
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315223041093/0001493152-23-041093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315223041093/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-041093
- JSON: https://secwatch.observer/filing/0001493152-23-041093.json
- Plain text: https://secwatch.observer/filing/0001493152-23-041093.txt

## Key facts
- Material Agreements
  Motorsport Games Inc. terminated INDYCAR License Agreements with INDYCAR, LLC (effective 2023-11-08).
  - Action: termination
  - Agreement: license
  - Counterparty: INDYCAR, LLC
  - Effective: 2023-11-08
  source text: On November 8, 2023, INDYCAR, LLC (“INDYCAR LLC”) delivered a notice to Motorsport Games Inc. (the “Company”) to terminate the two license agreements, each dated July 13, 2021, by and between INDYCAR LLC and the Company (collectively, the “INDYCAR License Agreements”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223041093/0001493152-23-041093-index.htm

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