Motorsport Games adopts limited-duration stockholder rights plan with 12.5% trigger

Motorsport Games Inc.

Rights plan effective immediately, expires July 20, 2027; dividend of one right per share of Class A common stock.
Trigger: beneficial ownership of 12.5% or more of outstanding Class A common stock; existing holders above 12.5% trigger if they acquire additional shares.
Upon trigger, rights become exercisable to purchase additional shares at twice the exercise price (flip-in); acquiring person's rights become void.
Board may redeem rights at $0.001 per right or exchange rights for common stock at one share per right.
Board cites recent significant stock accumulations and belief that share price does not reflect inherent value; not adopted in response to any specific takeover bid.

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