secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001493152-26-008070
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games secures $3M revolving credit line from Citibank due Feb 2027
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/0001493152-26-008070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315226008070/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008070

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