secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001493152-24-029369
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games announces $1M registered direct offering of 460,830 shares at $2.17
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- Gross proceeds of ~$1M from sale of 460,830 shares (or pre-funded warrants) at $2.17 per share.
- Concurrent private placement of Series A and B warrants exercisable after stockholder approval at $2.17.
- H.C. Wainwright acting as exclusive placement agent; 7% cash fee plus 27,650 placement agent warrants.
- Net proceeds to be used for working capital and general corporate purposes.
- Closing expected on or about July 29, 2024, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224029369/0001493152-24-029369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315224029369/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029369

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