Motorsport Games Inc. entered into a Share Repurchase Agreement to buy back 904,395 shares of Class A Common Stock from Driven Lifestyle Group LLC at $4.11 per share. The repurchase triggered the cancellation of all 700,000 shares of Class B Common Stock held by Driven Lifestyle, significantly reducing their voting power. Driven Lifestyle's voting power decreased from a majority to 6.10%, while Sharp Arrow Global Tech Ventures L.P. emerged as the largest stockholder with 32.15% voting power. The company amended its Certificate of Incorporation and Bylaws to eliminate stockholder action by written consent, requiring all future actions to be taken at duly called meetings. Stockholders approved an amendment to the 2021 Equity Incentive Plan, increasing the authorized shares for grant from 100,000 to 600,000.