FIA Motorsport Games

Motorsport Games Announces Closing of $4.03 Million Registered Direct Offering of Common Stock Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Monday, February 6, 2023
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MIAMI, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closing of its registered direct offering priced at-the-market under Nasdaq rules which announced on February 3, 2023.

Key Points: 
  • MIAMI, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closing of its registered direct offering priced at-the-market under Nasdaq rules which announced on February 3, 2023.
  • In this latest offering, the Company issued 232,188 shares of its Class A common stock at a purchase price of $17.39 per share.
  • The aggregate gross proceeds to the Company from this offering was approximately $4.03 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • Motorsport Games currently intends to use the net proceeds from this registered direct offering and the recent registered direct offerings closed last week for development of multiple games, working capital and general corporate purposes.

Motorsport Games Announces $4.03 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Friday, February 3, 2023
3rd Floor, Security (finance), Motorsport, FIA Motorsport Games, Sale, Form, Park Avenue

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 232,188 shares of the Company’s Class A common stock at a purchase price of $17.39 per share in a registered direct offering priced at-the-market under Nasdaq rules.

Key Points: 
  • MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 232,188 shares of the Company’s Class A common stock at a purchase price of $17.39 per share in a registered direct offering priced at-the-market under Nasdaq rules.
  • The closing of the offering is expected to occur on or about February 7, 2023, subject to the satisfaction of customary closing conditions.
  • The gross proceeds to Motorsport Games from the offering are expected to be approximately $4.03 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • Motorsport Games currently intends to use the net proceeds from the private placement for development of multiple games, working capital and general corporate purposes.

Motorsport Games Announces Closings of $7.29 Million Registered Direct Offerings of Common Stock Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Friday, February 3, 2023
3rd Floor, Security (finance), Motorsport, FIA Motorsport Games, Sale, Form, Park Avenue, Prospectus

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closings of its previously announced registered direct offerings priced at-the-market under Nasdaq rules.

Key Points: 
  • MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closings of its previously announced registered direct offerings priced at-the-market under Nasdaq rules.
  • The aggregate gross proceeds to the Company from both offerings were approximately $7.29 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • Motorsport Games currently intends to use the net proceeds from the registered direct offerings for development of multiple games, working capital and general corporate purposes.
  • The offerings of the shares of Class A common stock issued in the registered direct offerings were made only by means of prospectus supplements that form a part of the registration statement.

Motorsport Games Announces $3.39 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Thursday, February 2, 2023
3rd Floor, Security (finance), Motorsport, FIA Motorsport Games, Sale, Form, Park Avenue

MIAMI, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 144,366 shares of the Company’s Class A common stock at a purchase price of $23.50 per share in a registered direct offering priced at-the-market under Nasdaq rules.

Key Points: 
  • MIAMI, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 144,366 shares of the Company’s Class A common stock at a purchase price of $23.50 per share in a registered direct offering priced at-the-market under Nasdaq rules.
  • The closing of the offering is expected to occur on or about February 3, 2023, subject to the satisfaction of customary closing conditions.
  • The gross proceeds to Motorsport Games from the offering are expected to be approximately $3.39 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • Motorsport Games currently intends to use the net proceeds from the private placement for development of multiple games, working capital and general corporate purposes.

Motorsport Games Announces Debt-for-Equity Exchange with Motorsport Network

Retrieved on: 
Monday, January 30, 2023
Securities and Exchange Commission (Philippines), Sumathi Best Television Current Reporting Award, Security (finance), Motorsport, Motorsport Network, FIA Motorsport Games, Agreement

MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a debt-for-equity exchange agreement (the “Agreement”) with its majority stockholder, Motorsport Network, LLC (“Motorsport Network”), to repay $1,000,000 in debt (including principal and accrued and not yet paid interest) of the Company under its $12 million line of credit with Motorsport Network.

Key Points: 
  • MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a debt-for-equity exchange agreement (the “Agreement”) with its majority stockholder, Motorsport Network, LLC (“Motorsport Network”), to repay $1,000,000 in debt (including principal and accrued and not yet paid interest) of the Company under its $12 million line of credit with Motorsport Network.
  • Under the Agreement, for a period of 60 days from the closing of the transactions contemplated under the Agreement, the Company agreed to file a registration statement with the Securities and Exchange Commission (“SEC”) upon Motorsport Network’s demand in order to register the resale of the shares acquired by Motorsport Network under the Agreement, subject to the terms and conditions of the Agreement.
  • The Agreement also granted certain piggyback registration rights to Motorsport Network.
  • “This debt exchange benefits our balance sheet, allows us to pay less interest expense and will help Motorsport Games to pursue product development and growth opportunities,” said Dmitry Kozko, CEO and Executive Chairman of Motorsport Games.

Motorsport Games Announces Completion of Previously Announced 1-for-10 Reverse Stock Split

Retrieved on: 
Wednesday, November 9, 2022
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Motorsport Games is effecting the reverse stock split by filing a charter amendment with the Delaware Secretary of State.

Key Points: 
  • Motorsport Games is effecting the reverse stock split by filing a charter amendment with the Delaware Secretary of State.
  • The same 1-for-10 reverse stock split ratio is being used to effect the reverse stock split of both Motorsport Games Class A and Class B common stock, and accordingly, all stockholders will be affected proportionately.
  • Motorsport Games has retained its transfer agent, Worldwide Stock Transfer, LLC ("WST"), to act as exchange agent for the reverse stock split.
  • Upon the Effective Time, each certificate, if any representing shares of Motorsport Games common stock immediately prior to the reverse stock split will be deemed to represent the number of full shares of common stock resulting from the reverse stock split.

DGAP-News: Endor AG publishes new partnership

Retrieved on: 
Thursday, September 1, 2022
DGAP, Motorsport, Technology, FIA Motorsport Games, 2014 Blancpain GT Sprint Series, News, French Grand Prix, Personal computer, Endor, FIA, Game, GT3, Circuit Paul Armagnac, Industry, Assetto Corsa Competizione, Security (finance), Video game, Esports

Endor AG develops and markets high-quality input devices such as high-end steering wheels and pedals for racing simulations on game consoles and PCs as well as driving school simulators.

Key Points: 
  • Endor AG develops and markets high-quality input devices such as high-end steering wheels and pedals for racing simulations on game consoles and PCs as well as driving school simulators.
  • Endor carries out product development and prototype construction under its own direction and together with specialized technology partners, primarily in Germany (German engineering).
  • Endor sells its products under the FANATEC brand via e-commerce primarily to end customers in Europe, the USA, Canada, Australia and Japan.
  • Endor AG, based in Landshut, was founded in 1997 and currently employs 147 people.

Motorsport Games to Participate in the Cannacord Genuity 42nd Annual Growth Conference

Retrieved on: 
Thursday, August 4, 2022
Motorsport, FIA World Rallycross Championship, FIA, GLOBE, Ecosystem, SEC, BTCC, Review, Video, Company, Le Mans, Motorsport Network, NASDAQ, NASCAR, Social media, Nintendo Switch, Conference, FIA Motorsport Games, Xbox, PlayStation, Video game, INDYCAR

(NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate in the Cannacord Genuity 42nd Annual Growth Conference on Thursday, August 11, 2022.

Key Points: 
  • (NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate in the Cannacord Genuity 42nd Annual Growth Conference on Thursday, August 11, 2022.
  • Participants may access a live webcast of the presentation on the Motorsport Games Investor Relations site at https://ir.motorsportgames.com/ under News & Events.
  • Motorsport Games, a Motorsport Network company, is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world.
  • Motorsport Games combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe.

Motorsport Games to Participate in the H.C. Wainwright Global Investment Conference

Retrieved on: 
Thursday, May 19, 2022
Nintendo Switch, FIA, NASCAR, Motorsport Network, Company, BTCC, Social media, FIA World Rallycross Championship, NASDAQ, Review, Motorsport, Xbox, PlayStation, Video, Conference, Le Mans, Ecosystem, SEC, FIA Motorsport Games, GLOBE, Video game, INDYCAR

(NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate in the H.C. Wainwright Global Investment Conference on Tuesday, May 24, 2022.

Key Points: 
  • (NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate in the H.C. Wainwright Global Investment Conference on Tuesday, May 24, 2022.
  • Dmitry Kozko, Chief Executive Officer of Motorsport Games, will present at 10:00 a.m.
  • Participants may access a live webcast of the presentation on the Motorsport Games Investor Relations site at https://ir.motorsportgames.com/ under News & Events.
  • Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe.

Motorsport Games to Participate in the 17th Annual Needham Technology & Media Conference

Retrieved on: 
Wednesday, May 11, 2022
Ecosystem, FIA Motorsport Games, FIA World Rallycross Championship, Press, Motorsport, NASDAQ, GLOBE, Company, FIA, Social media, Review, Xbox, Le Mans, Motorsport Network, NASCAR, PlayStation, Video, Nintendo Switch, Conference, SEC, BTCC, Video game, INDYCAR

(NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate virtually in the 17th Annual Needham Technology & Media Conference on Thursday, May 19, 2022.

Key Points: 
  • (NASDAQ: MSGM) (Motorsport Games), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced that management will participate virtually in the 17th Annual Needham Technology & Media Conference on Thursday, May 19, 2022.
  • Dmitry Kozko, Chief Executive Officer of Motorsport Games, will participate in a fireside chat at 8:00 a.m.
  • Participants may access a live webcast of the fireside chat on the Motorsport Games Investor Relations site at https://ir.motorsportgames.com/ under News & Events.
  • Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe.