{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-015125","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.382276+00:00","generated_at":"2026-06-03T19:24:00.598620+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Motorsport Games settles BTCC dispute for $225K; enters new non-exclusive license with 50% royalty","bullets":["Settlement resolves $850K royalty dispute with TOCA; Company pays $225K one-time, all claims released.","New non-exclusive license for BTCC downloadable content in rFactor 2 via Steam; royalty 50% of Adjusted Gross Annual Sales.","License term expires Dec 31, 2026; parties to negotiate options for a full BTCC video game and esports competitions.","Prior license terminated Nov 3, 2023; new agreement covers only rFactor 2 DLC, not full game rights."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-015125","json":"https://secwatch.observer/filing/0001493152-24-015125.json","markdown":"https://secwatch.observer/filing/0001493152-24-015125.md","text":"https://secwatch.observer/filing/0001493152-24-015125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:24:00.598620+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":"3443c6bfbf7a5daadf313025163c9074d03b4ef2","claim":"Motorsport Games Inc. entered into Settlement Agreement with BARC (TOCA) LIMITED valued at One-time payment of $225,000, forgiveness of all royalties and sums (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024, Motorsport Games Inc., a Delaware corporation (the \"Company\"), entered into a Settlement Agreement (the \"Agreement\") with BARC (TOCA) LIMITED (\"TOCA\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"BARC (TOCA) LIMITED"},{"label":"Value","value":"One-time payment of $225,000, forgiveness of all royalties and sums"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"},{"claim_id":"5943c52fb80b935faac00575e97f2773949dafb4","claim":"Motorsport Games Inc. entered into New BTCC License Agreement with BARC (TOCA) LIMITED valued at Annual royalty of 50% of Adjusted Gross Annual Sales of downloadable Products; term through December (effective 2024-04-12).","evidence_excerpt":"Agreement”) with BARC (TOCA) LIMITED (“TOCA”). The Agreement resolved any and all disputes between the Company and TOCA with respect to the termination of the License agreement, dated May 29, 2020, between","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"BARC (TOCA) LIMITED"},{"label":"Value","value":"Annual royalty of 50% of Adjusted Gross Annual Sales of downloadable Products; term through December"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}