---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-021088"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:19:27.583587+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games settles INDYCAR dispute for $400k, gains equity to cure Nasdaq deficiency

## Summary
- Settled ~$2.9M INDYCAR liabilities for $400k cash ($250k paid on May 17, $150k by May 20); ~$2.5M gain added to stockholders' equity.
- Believes it has regained compliance with Nasdaq minimum stockholders' equity rule of $2.5M (was non-compliant since Nov 2023).
- Granted INDYCAR a perpetual, royalty-free, exclusive license to use certain IP for INDYCAR series esports and gaming worldwide.
- Also agreed to provide up to 50 hours free transition consulting through Dec 31, 2024.
- Nasdaq will continue to monitor; company must evidence compliance upon next periodic report (June 30, 2024) or face delisting.

## SEC filing metadata
- accession: 0001493152-24-021088
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315224021088/0001493152-24-021088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315224021088/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-021088
- JSON: https://secwatch.observer/filing/0001493152-24-021088.json
- Plain text: https://secwatch.observer/filing/0001493152-24-021088.txt

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