Motorsport Games settles litigation with Innovate 2 Corp. for $500,000

Motorsport Games Inc.

Innovate agrees to pay Motorsport Games $500K; $300K due by March 31, 2025.
Remaining $200K payable in two installments: $100K on Aug 15, 2025 and $100K on Oct 31, 2025.
All claims in Case No. 1:21-cv-165-SB dismissed with prejudice within 3 business days after initial payment.
Settlement resolves claims by Innovate against Motorsport Games and company's breach of contract counterclaim.

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