Motorsport Games stockholders reject warrant exercise proposal at Oct 25 special meeting

Motorsport Games Inc.

Proposal to approve exercise of warrants for up to 949,310 shares of Class A common stock failed: 210,069 for, 8,524,301 against.
Warrants were issued on July 29, 2024; approval was required under Nasdaq rules for exercise.
Adjournment proposal approved by stockholders (8,689,341 for) but company decided not to adjourn.
Rejection may limit the company's ability to use these warrants for capital raising.

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