regulatory
confidence high
sentiment negative
materiality 0.85
Motorsport Games Inc. (MSGM): Nasdaq/NYSE listing notice — Motorsport Games gets Nasdaq extension until May 15, 2024 to meet minimum $2.5M equity requirement
Motorsport Games Inc.
- Nasdaq granted extension to May 15, 2024 to comply with Listing Rule 5550(b)(1) requiring $2,500,000 stockholders' equity.
- Company previously disclosed deficiency on Nov 22, 2023; failure to comply by May 15 could lead to delisting.
- Company plans equity financing and reduction of licensing liabilities to regain compliance.
- If compliance not shown by June 30, 2024 periodic filing, delisting may occur.