---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039552"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:38:52.246174+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games cuts 39% of staff, explores sale or merger, seeks funding for console expansion

## Summary
- Reduces workforce by ~24 employees/contractors (~39% of global staff); expects $0.2M restructuring charge in Q4 2024.
- Board authorizes exploration of strategic alternatives including potential sale or merger to maximize shareholder value.
- Management seeks funding to bring Le Mans Ultimate to PlayStation and Xbox; PC early access launched Feb 2024.
- CEO cites need to 'reverse prior over-expansion' and operate more efficiently while investing in growth.

## SEC filing metadata
- accession: 0001493152-24-039552
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315224039552/0001493152-24-039552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315224039552/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039552
- JSON: https://secwatch.observer/filing/0001493152-24-039552.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039552.txt

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