News & Events

Material Modification to Rights of Security Holders. The disclosures set forth below under

Results of Operations and Financial Condition. On May 13, 2026, Motorsport Games Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the Press Release is furnished as Exhibit 99.1 to this report. The Press Release is deemed to be “furnished” to the U.S. Securities and Exchange Commission (the “SEC”) and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange Act…

Material Modifications to Rights of Security Holders.

Other Events. At the 2026 Annual Meeting of Stockholders (the “Annual Meeting”) of Motorsport Games Inc. (the “Company”) held on April 23, 2026 (the “Stockholder Approval Date”), the Company’s stockholders approved the exercise of the warrants issued by the Company on July 29, 2024 (the “Warrants”) to purchase up to an aggregate of 949,310 shares of Class A Common Stock, under applicable rules and regulations of the Nasdaq Stock Market LLC. The Warrants consist of: (a) Series A Warrants to pu…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting “), the Company’s stockholders approved an Amendment (the “Plan Amendment”) to the Company’s Amended and Restated 2021 Equity Incentive Plan (the “Plan”) to increase the number of shares of Class A Common Stock that the Company will have authority to grant under the plan from…

Changes in Control of Registrant. The disclosures set forth above under

Entry into a Material Definitive Agreement. On April 22, 2026, Motorsport Games Inc. (the “Company”) entered into a Share Repurchase Agreement (the “Agreement”) with Driven Lifestyle Group LLC, a Florida limited liability company (“Driven Lifestyle”), pursuant to which the Company purchased 904,395 shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”) held by Driven Lifestyle (the “Class A Shares”). The Agreement provides for the Shares to be p…

Material Modification to Rights of Security Holders. The disclosures set forth above under

Completion of Acquisition or Disposition of Assets. The disclosures set forth above under

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Employment Agreement with Stephen Hood On March 27, 2026, Motorsport Games Inc. (the “Company”), through its subsidiary Motorsport Games Ltd, entered into an employment agreement with Stephen Hood (the “Hood Employment Agreement”) providing for Mr. Hood to serve as the Company’s Chief Executive Officer, reporting to the Company’s Board of Directors…

Results of Operations and Financial Condition. On March 10, 2026, Motorsport Games Inc. (the “Company”) issued a press release announcing its financial results for the quarter ending December 31, 2025 and full-year 2025. A copy of the Press Release is furnished as Exhibit 99.1 to this report. The Press Release is deemed to be “furnished” to the U.S. Securities and Exchange Commission (the “SEC”) and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as a…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under

Entry into a Material Definitive Agreement. On February 20, 2026, Motorsport Games Inc. (the “Company”) entered into a business loan agreement (the “Credit Agreement”) with Citibank, N.A. (“Citibank”), pursuant to which Citibank provided the Company with a revolving line of credit of up to $3.0 million at an interest rate equal to the Adjusted Term SOFR (as defined in the Credit Agreement) plus 2.250%, subject to increase upon an event of default. The Adjusted Term SOFR has a floor of 0.75%.…

Results of Operations and Financial Condition. On November 6, 2025, Motorsport Games Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of the Press Release is furnished as Exhibit 99.1 to this report. The Press Release is deemed to be “furnished” to the U.S. Securities and Exchange Commission (the “SEC”) and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exch…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On August 29, 2025, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board” or the “Board of Directors”) and the Board of Motorsport Games Inc. (the “Company”) held separate meetings to discuss and ultimately approve certain updates to the compensation of the executive officers (the “Executives”) of the Compa…

Results of Operations and Financial Condition. On August 13, 2025, Motorsport Games Inc. (the “Company”) issued a press release announcing its financial results for the quarter ending June 30, 2025. A copy of the Press Release is furnished as Exhibit 99.1 to this report. The Press Release is deemed to be “furnished” to the U.S. Securities and Exchange Commission (the “SEC”) and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange…

Other Events. As previously reported, on February 11, 2021, HC2 Holdings 2 Inc. (now known as Innovate 2) (“Innovate”) and Continental General Insurance Company (“Continental”), former minority stockholders of 704Games, filed a complaint (the “HC2 and Continental Complaint”) in the U.S. District Court for the District of Delaware against Motorsport Games Inc. (the “Company”), the Company’s former Chief Executive Officer and Executive Chairman, the Company’s former Chief Financial Officer, and…

Results of Operations and Financial Condition. On May 9, 2025, Motorsport Games Inc. (the “Company”) issued a press release announcing its financial results for the quarter ending March 31, 2025. A copy of the Press Release is furnished as Exhibit 99.1 to this report. The Press Release is deemed to be “furnished” to the U.S. Securities and Exchange Commission (the “SEC”) and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange Act…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 10, 2025, the Board appointed Guoquan (Paul) Huang to serve on the board of directors, effective upon the closing of the Private Placement and the satisfactory completion of a background check, as a Class II director for a term expiring at the 2026 annual meeting of stockholders and until his successor is elected and qualified or until his…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 15, 2025, Motorsport Games Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that based on the Company’s Form 8-K, as filed with the Securities and Exchange Commission (the “SEC”) on April 14, 2025, Nasdaq has determined that the Company now complies with the stockholders’ equity requirement as set forth in…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Appointment of Guoquan (Paul) Huang as Class II Director On April 10, 2025, the Board appointed Guoquan (Paul) Huang to serve on the board of directors, effective upon the closing of the Private Placement and the satisfactory completion of a background check, as a Class II director for a term expiring at the 2026 annual meeting of stockholders…

Unregistered Sales of Equity Securities. The information contained in

Entry into a Material Definitive Agreement. On April 11, 2025, Motorsport Games Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with several institutional and accredited investors (the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of the following securities for gross proceeds of approximately $2.5 million: (i) 1,894,892 shares (the “Shares”) of the Company’s Class A common stock, par value $0.0001 (the “C…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. The Company is required to continually meet the listing requirements of The Nasdaq Capital Market (“Nasdaq”), including, among other things, a minimum stockholders’ equity requirement of at least $2,500,000 for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”). As described in a Current Report on Form 8-K filed…

Other Events. On March 27, 2025, Motorsport Games Inc. (the “Company”) entered in a Settlement Agreement (the “Settlement Agreement”) regarding the litigation (Case No. 1:21-cv-165-SB) (the “Action”) brought by Innovate 2 Corp. (formerly known as HC2 Holdings 2, Inc.) (“Innovate”) against the Company, the Company’s former Chief Executive Officer and Executive Chairman, the Company’s former Chief Financial Officer, and the Manager of Driven Lifestyle Group LLC in U.S. District Court for the Di…