---
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"
generated_at: "2026-06-03T03:11:49.296420+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games sells Traxion community platform assets for $250K to Traxion.GG

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017358
- JSON: https://secwatch.observer/filing/0001493152-24-017358.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017358.txt

## Key facts
- Material Agreements
  Motorsport Games Inc. entered into Asset Purchase Agreement with Traxion.GG Limited valued at $250,000 (effective 2024-04-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Traxion.GG Limited
  - Value: $250,000
  - Effective: 2024-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224017358/0001493152-24-017358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.