secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001493152-23-042505
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/0001493152-23-042505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223042505/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042505

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