regulatory
confidence high
sentiment negative
materiality 0.65
Motorsport Games gets Nasdaq extension to April 14, 2025, to meet $2.5M equity rule
Motorsport Games Inc.
- Nasdaq granted extension until April 14, 2025, to comply with minimum $2,500,000 stockholders' equity requirement (NCM Equity Rule).
- Original deficiency disclosed in Nov 22, 2024 8-K; failure to evidence compliance by April 14 may lead to delisting.
- If Company fails to evidence compliance upon filing June 30, 2025 periodic report, it may be subject to delisting.
- Company plans to regain compliance via equity financing or liability reductions but provides no assurance of success.