Motorsport Games Inc. (MSGM): Nasdaq/NYSE listing notice — Motorsport Games gets Nasdaq deficiency letter; equity of $498,897 fails $2.5M minimum

Motorsport Games Inc.

Stockholders' equity reported as $498,897 as of Sept 30, 2023, below Nasdaq's $2.5M minimum for continued listing.
Company also failed alternative standards: market value of listed securities ≥$35M or net income ≥$500K from continuing ops.
Company has 45 days (by Jan 2, 2024) to submit a compliance plan; extension of up to 180 days possible if plan accepted.
Considering equity/debt financing to regain compliance; no assurance of success or Nasdaq acceptance of plan.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Motorsport Games Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

(the “Stockholders’ Equity Requirement”). In the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, the Company reported stockholders’ equity of $498,897, which was below the Stockholders’ Equity Requirement. Additionally, the Company did not meet either of the alternative Nasdaq continued listing standards under the Nasdaq Listing

View on SEC.gov

Browse all listing & compliance notices →

Motorsport Games Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042505

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.