Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Motorsport Games Inc. incurred revolving credit of $3.0 million with Citibank, N.A. at Adjusted Term SOFR plus 2.250% maturing February 20, 2027.
- Instrument
- revolving credit
- Principal
- $3.0 million
- Counterparty
- Citibank, N.A.
- Rate
- Adjusted Term SOFR plus 2.250%
- Maturity
- February 20, 2027
- Event
- incurrence
Exact text from the filing
On February 20, 2026, Motorsport Games Inc. (the “Company”) entered into a business loan agreement (the “Credit Agreement”) with Citibank, N.A. (“Citibank”), pursuant to which Citibank provided the Company with a revolving line of credit of up to $3.0 million at an interest rate equal to the Adjusted Term SOFR (as defined in the Credit Agreement) plus 2.250%, subject to increase upon an event of default.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Motorsport Games Inc. entered into Credit Agreement with Citibank, N.A. valued at $3.0 million (effective 2026-02-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citibank, N.A.
- Value
- $3.0 million
- Effective
- 2026-02-20
Exact text from the filing
On February 20, 2026, Motorsport Games Inc. (the “Company”) entered into a business loan agreement (the “Credit Agreement”) with Citibank, N.A. (“Citibank”), pursuant to which Citibank provided the Company with a revolving line of credit of up to $3.0 million
View on SEC.gov