---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-008070"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:25:52.238902+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games secures $3M revolving credit line from Citibank due Feb 2027

## Summary
- Credit agreement with Citibank for up to $3.0 million revolving line of credit.
- Interest rate of Adjusted Term SOFR + 2.250% with a 0.75% floor; maturity February 20, 2027.
- Company granted a lien on substantially all assets under a commercial security agreement.
- Covenants require Fixed Charge Coverage Ratio >1.20:1 and Cash Flow Leverage Ratio ≤2.50:1.
- Events of default include 25% ownership change; default interest rate increases by 3%.

## SEC filing metadata
- accession: 0001493152-26-008070
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/0001493152-26-008070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-008070
- JSON: https://secwatch.observer/filing/0001493152-26-008070.json
- Plain text: https://secwatch.observer/filing/0001493152-26-008070.txt

## Source-grounded claims
- claim_id: fb011c15b5c50d9ac1da1e706ff2f3262db3db07
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/0001493152-26-008070-index.htm
- claim_id: efe77e93c531d7e00dd9bec7f93e8af276338d7b
  claim: Motorsport Games Inc. entered into Credit Agreement with Citibank, N.A. valued at $3.0 million (effective 2026-02-20).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/0001493152-26-008070-index.htm

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