Motorsport Games INC 8-K filings

Motorsport Games Inc. has adopted Amended and Restated Bylaws, effective July 22, 2026, to refine procedures for stockholder meetings and director nominations.

Motorsport Games Inc. has adopted a stockholder rights plan to protect shareholder value and deter coercive takeovers.

Motorsport Games Inc. has expanded its Board of Directors to five members with the appointment of CEO Stephen Hood.

Motorsport Games Inc. has amended its business loan agreement with Citibank, N.A., modifying a financial covenant and extending the maturity date of its promissory note by one year.

Motorsport Games Inc. announced a significant revenue increase of 129.3% for Q1 2026, driven by its Le Mans Ultimate title and RaceControl platform, while maintaining net income.

Motorsport Games stockholders approved the exercise of warrants issued in July 2024, effective April 23, 2026.

Motorsport Games Inc. repurchased 904,395 shares from Driven Lifestyle Group, resulting in the cancellation of all Class B shares and a significant shift in voting control.

Motorsport Games Inc. announced the adjournment of its 2026 Annual Meeting of Stockholders due to a lack of sufficient quorum, rescheduling the meeting for April 23, 2026.

Motorsport Games Inc. adjourned its 2026 Annual Meeting of Stockholders on April 17, 2026, due to a lack of a quorum.

Motorsport Games Inc. has secured a new $3.0 million revolving line of credit from Citibank, N.A., backed by a lien on substantially all company assets.

Motorsport Games Inc. reported a significant turnaround in its third quarter 2025 financial results, achieving net income and substantial revenue growth driven by its Le Mans Ultimate title.

Motorsport Games Inc. stockholders voted against the approval of warrant exercises and a proposal to adjourn the special meeting.

Motorsport Games Inc. announced significant increases in executive and board cash compensation, while acknowledging an inability to grant equity awards due to a lack of shareholder approval for its incentive plan.

Motorsport Games Inc. reported a significant increase in net income and revenue for Q2 2025, driven by strong performance of Le Mans Ultimate and strategic financial settlements.

Motorsport Games Inc.'s majority shareholder, Driven Lifestyle Group LLC, has reached an $800,000 settlement with Wesco Insurance Company, resolving a key insurance coverage dispute related to ongoing litigation.

Motorsport Games Inc. announces a net income of $1.0 million for Q1 2025, a significant improvement compared to the previous year, alongside a $2.5 million private placement to bolster liquidity.

Motorsport Games Inc. held its 2025 Annual Meeting of Stockholders where key proposals regarding an incentive plan amendment and warrant exercise were not approved, while the election of directors and ratification of the accounting firm were successful.

Motorsport Games Inc. has appointed Guoquan (Paul) Huang, an expert in robotics and AI, to its board of directors, effective April 16, 2025.

Motorsport Games Inc. announces it has regained compliance with Nasdaq's stockholders equity requirement, reinforcing its momentum after a strategic investment.

Motorsport Games Inc. has entered into a securities purchase agreement for a $2.5 million private placement to enhance working capital and fund strategic initiatives.

Motorsport Games Inc. reaches a settlement agreement with Innovate 2 Corp., resolving a legal dispute and resulting in a $500,000 payment to Motorsport Games.

Motorsport Games Inc. announces its Q4 and full-year 2024 financial results, highlighting revenue growth and reduced net losses driven by the success of 'Le Mans Ultimate'.

Motorsport Games Inc. has been granted an extension by Nasdaq until April 14, 2025, to regain compliance with the minimum stockholders' equity requirement of $2,500,000.

Motorsport Games Inc. secured a summary judgment in its favor against Innovate 2 Corp. in the U.S. District Court for the District of Delaware.

Motorsport Games Inc. reaches a settlement agreement with Technology In Business B.V. and Luminis International B.V. regarding the acquisition of Studio397, resolving outstanding disputes related to deferred payments.

Motorsport Games Inc. reports preliminary unaudited financial information for the year ended December 31, 2024, with revenue increases and reduced operating expenses.

Motorsport Games Inc. has changed its independent auditor from Grant Thornton LLP to Grassi & Co., CPAs, P.C., effective immediately on December 4, 2024.

Motorsport Games Inc. has received a notice from Nasdaq for not meeting the minimum stockholders' equity requirement, placing its listing status at risk.

Motorsport Games reported a net income of $0.01 million for Q3 2024, a significant improvement from a net loss of $3.6 million in the same period last year, while also exploring strategic alternatives to address long-term funding needs.

Motorsport Games Inc. stockholders did not approve a proposal to exercise warrants for 949,310 shares but approved a proposal to adjourn the special meeting, though the meeting was not ultimately adjourned.