other material
confidence high
sentiment neutral
materiality 0.50
Motorsport Games warrants become exercisable after stockholder approval; up to 949,310 shares at $2.17
Motorsport Games Inc.
- Stockholders approved exercise of Warrants issued July 29, 2024; Warrants exercisable from April 23, 2026.
- Series A Warrants: 460,830 shares at $2.17/sh, expire October 23, 2031.
- Series B Warrants: 460,830 shares at $2.17/sh, expire October 25, 2027.
- Placement agent warrants: 27,650 shares at $2.17125/sh.
- Holders agreed company's repurchase from Driven Lifestyle Group LLC will not trigger Fundamental Transaction.