MotorSport Games

Motorsport Games, Inc. engages in developing, publishing and providing esports ecosystem of official motorsport racing series. It operates through the Gaming and Esports segments. The Gaming segment develops and publishes interactive racing video games and entertainment content and services. The Esports segment organizes and facilitates esports tournaments, competitions, and events for licensed racing games, as well as on behalf of third-party video game racing series and other video game publishers. The company was founded in August 2018 and is headquartered in Miami, FL.

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MotorSport Games reports revenue growth and explores strategic alternatives

MotorSport Games showed revenue growth and improved net income in Q2 2024.
Successful launch of Le Mans Ultimate and plans for expansion to new platforms.
Liquidity concerns persist, prompting exploration of strategic alternatives.
Focus on diversifying revenue streams and improving financial stability.

MotorSport Games reports Q3 revenue growth amidst funding challenges

MotorSport Games reported mixed financial results for Q3 2024, with revenue of $1.8 million, a net loss of $0.6 million, and adjusted EBITDA of $0.1 million. The company highlighted progress in game development and partnerships but faces challenges in funding and uncertainties ahead.

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Motorsport Games, Inc. engages in the business of developing and publishing racing games. It operates under the Gaming and Esports segments. The Gaming segment focuses on the development and publishing of interactive racing video games, entertainment content, and services. The Esports segment is involved in the organization and facilitation of esports tournaments, competitions, and events for licensed racing games, as well as on behalf of third-party video game racing series and other video game publishers. The company was founded on August 2, 2018 and is headquartered in Miami, FL.

Leading racing video game company's upcoming acquisition will add to brand's extensive growth since January 2021 IPO Leading racing video game company's upcoming acquisition will add to brand's extensive growth since January 2021 IPO

Motorsport Games Signs Binding Term Sheet to Acquire Mobile Developer Digital Tales USA and Its Upcoming New Superbike Official Mobile Game Franchise

Higher Sales and Gross Margin on Efficient Operations 1Q21 Business Update Higher Sales and Gross Margin on Efficient Operations 1Q21 Business Update

Motorsport Games Reports Fourth Quarter & Full Year 2020 Financial Results

MIAMI, March 22, 2021 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world and its wholly-owned subsidiary, Motorsport Games Australia, today announced the completion of its previously announced deal to acquire the assets and the business of KartKraft, the highly acclaimed PC kart racing simulator, from developer Black Delta. Under the terms of the agreement, Motorsport Games takes ownership of the KartKraft IP as well as all the game assets and code. Additionally, key members of the original development team, including Founder Zach Griffin, join Motorsport Games to form a new studio called Motorsport Games Australia, under which development of KartKraft will continue.

Motorsport Games Closes Previously Announced Acquisition of KartKraft

On Per Share Basis, Not Meaningful This Year, Then Accretive On Per Share Basis, Not Meaningful This Year, Then Accretive

Motorsport Games Reaches Agreement to Acquire All Remaining Shares of 704Games Company

Motorsport Games to Increase its Ownership Interest in 704 Games

Studio397 brand and name to remain under Motorsport Games banner  Updates and iteration of rFactor 2 to continue under Studio397

Motorsport Games Enters Into Binding Term Sheet to Acquire Developer Studio397 and its rFactor 2 Simulation Platform

Now live, Traxion is bringing users the latest news, reviews and opinions from the world of virtual racing Now live, Traxion is bringing users the latest news, reviews and opinions from the world of virtual racing

Motorsport Games Announces Traxion, the New Online Home for Racing Games and Esports

Motorsport Games signs binding term sheet with KartKraft to add leading karting simulator IP, assets and key development talent to diversify gaming portfolio; Announces anticipated launch of Motorsport Games Australia studio Motorsport Games signs binding term sheet with KartKraft to add leading karting simulator IP, assets and key development talent to diversify gaming portfolio; Announces anticipated launch of Motorsport Games Australia studio

Motorsport Games Announces Expansion Into Karting

Ten Year Exclusive License for Video Games Now Part of this Joint Venture

Motorsport Games and the ACO Enhance and Extend Le Mans Esports Series Joint Venture

Motorsport Games aims to take advantage of the popularity of e-games relating to racing. The company is relatively small and concentrates on a few race titles, as I am not very impressed with the performance ¨outside¨ of Covid-19.

Motorsport Games - Not Joining This Race

MIAMI, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced the closing of its initial public offering of 3,450,000 shares of its Class A common stock. The offering consisted of 3,000,000 shares of its Class A common stock, as well as an additional 450,000 shares of Class A common stock pursuant to the exercise in full of the underwriters' option to purchase additional shares of Class A Common Stock from Motorsport Games, at a public offering price of $20.00 per share. The gross proceeds from the offering to Motorsport Games, before deducting underwriting discounts and commissions and other offering expenses payable by Motorsport Games, were approximately $69.0 million. Motorsport Games' Class A common stock is listed on the Nasdaq Capital Market under the ticker symbol “MSGM.”

Motorsport Games Inc. Announces Closing of Initial Public Offering and Exercise in Full of the Underwriters' Option to Purchase Additional Shares

Affirm

First-day jumps show that either ordinary investors are paying too much or companies are getting too little.

Affirm, Motorsport Games Show the Stock Market's IPO Process Is Still Broken

Motorsport Games Inc. shares soared 80% in their trading debut Wednesday, after the company's initial public offering priced at $20, the high end of its upwardly revised range. The Miami-based racing game developer sold 3 million shares to raise $60 million.

Motorsport Games shares soar 80% in trading debut

Motorsport Games (MSGM) is going public and we have everything potential investors in MSGM stock will want to know about its IPO. The post MSGM Stock IPO: When Does Motorsport Games Go Public?

MSGM Stock IPO: When Does Motorsport Games Go Public? What Is the MSGM IPO Price Range?

MIAMI, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced the pricing of its initial public offering of 3,000,000 shares of its Class A common stock at a public offering price of $20.00 per share. Motorsport Games has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of its Class A common stock to cover over-allotments, if any, at the initial public offering price, less underwriting discounts and commissions. The shares of Class A common stock are expected to begin trading on January 13, 2021 on the Nasdaq Capital Market under the ticker symbol “MSGM.” The gross proceeds from the offering to Motorsport Games, before deducting underwriting discounts and commissions and other offering expenses payable by Motorsport Games, are expected to be approximately $60.0 million, excluding any exercise of the underwriters' option to purchase additional shares. The offering is expected to close on January 15, 2021, subject to the satisfaction of customary closing conditions.

Motorsport Games Inc. Announces Pricing of Initial Public Offering

Motorsports Games could now raise as much as $60 million in its initial public offering. Fintech company Affirm is also slated to go public this week, after it increased the size of its IPO.

Motorsport Games Just Boosted Its IPO Size. It Starts Trading Tuesday.

Motorsport Games Inc. increased the number of shares it was selling in its initial public offering, as the expected pricing of the IPO also increased. The Miami-based racing game developer now expects to offer 3 million shares in the IPO, up from plans to offer 2.35 million shares disclosed on Jan. 6, as the company now looks to raise up to $60 million.

Motorsports Games upsizes IPO to raise up to $60 million, as expected pricing also increases

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