{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-017358","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.382621+00:00","generated_at":"2026-06-03T03:11:49.296420+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Motorsport Games sells Traxion community platform assets for $250K to Traxion.GG","bullets":["Total consideration $250K: $200K cash at closing plus $50K in marketing services through Dec 2026.","Assets sold include the motorsport community content platform Traxion, deemed non-core.","Transaction closed April 26, 2024, as part of cost reduction and operational streamlining.","No employees transferred; buyer assumes liabilities under WP Engine and Venatus agreements post-closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-017358","json":"https://secwatch.observer/filing/0001493152-24-017358.json","markdown":"https://secwatch.observer/filing/0001493152-24-017358.md","text":"https://secwatch.observer/filing/0001493152-24-017358.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224017358/0001493152-24-017358-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224017358/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:11:49.296420+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":"c3d9a460c7ca09aa3233b9c646a285180160c97e","claim":"Motorsport Games Inc. entered into Asset Purchase Agreement with Traxion.GG Limited valued at $250,000 (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Motorsport Games Inc., a Delaware corporation (the “Company”), entered into an Asset Purchase Agreement (the “Agreement”) with Traxion.GG Limited (“Traxion.GG”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224017358/0001493152-24-017358-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Traxion.GG Limited"},{"label":"Value","value":"$250,000"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}