---
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"
generated_at: "2026-06-07T22:21:09.474613+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games gets Nasdaq deficiency letter; equity of $498,897 fails $2.5M minimum

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-042505
- JSON: https://secwatch.observer/filing/0001493152-23-042505.json
- Plain text: https://secwatch.observer/filing/0001493152-23-042505.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/0001493152-23-042505-index.htm

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