{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-042505","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.725771+00:00","generated_at":"2026-06-07T22:21:09.474613+00:00","sec_items":["3.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Motorsport Games gets Nasdaq deficiency letter; equity of $498,897 fails $2.5M minimum","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-042505","json":"https://secwatch.observer/filing/0001493152-23-042505.json","markdown":"https://secwatch.observer/filing/0001493152-23-042505.md","text":"https://secwatch.observer/filing/0001493152-23-042505.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/0001493152-23-042505-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:21:09.474613+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":"57eabe8678968a91afdc7e4c3f1e6e8d408c4001","claim":"Motorsport Games Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/0001493152-23-042505-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"stockholders equity"},{"label":"Rules","value":"5550(b)(1)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}