secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001493152-25-008338
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games settles Studio397 acquisition dispute for $750,000
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- Resolved disputes over deferred payments from April 2021 Studio397 acquisition.
- To pay $750,000 in five monthly installments of $150,000 starting March 5, 2025.
- Luminis releases security interest in Studio397 pledged shares upon full payment.
- If Motorsport Games misses payment and fails to cure within 5 days, Luminis may terminate agreement.
- Settlement covers all amounts due under Share Purchase Agreement and waives voting rights transfer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315225008338/0001493152-25-008338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315225008338/from8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008338

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