secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001493152-24-005062
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games gets Nasdaq extension until May 15, 2024 to meet minimum $2.5M equity requirement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224005062/0001493152-24-005062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224005062/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005062

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