secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001493152-24-015125
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games settles BTCC dispute for $225K; enters new non-exclusive license with 50% royalty
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer