secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041093
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

INDYCAR terminates license agreements with Motorsport Games effective immediately
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223041093/0001493152-23-041093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223041093/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041093

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