Motorsport Games Regains Compliance With Nasdaq Listing Rules
Motorsport Games (MSGM) has successfully regained compliance with Nasdaq's stockholders' equity requirement under Listing Rule 5550(b)(1). The gaming company, known for developing sim racing titles like Le Mans Ultimate, has demonstrated progress through recent initiatives including:
- A strategic investment from Pimax
- Launch of Le Mans Ultimate game
- Introduction of RaceControl subscription service
- Implementation of cost-control measures
- Team size optimization
CEO Stephen Hood views this compliance achievement as validation of the company's progress and believes these developments position MSGM to capitalize on market opportunities and enhance shareholder value.
Motorsport Games (MSGM) ha riconquistato con successo la conformità al requisito di patrimonio netto degli azionisti previsto dalla regola di quotazione Nasdaq 5550(b)(1). L'azienda di gaming, nota per lo sviluppo di titoli di simulazione di corse come Le Mans Ultimate, ha mostrato progressi attraverso iniziative recenti che includono:
- Un investimento strategico da parte di Pimax
- Il lancio del gioco Le Mans Ultimate
- L'introduzione del servizio in abbonamento RaceControl
- L'implementazione di misure di controllo dei costi
- L'ottimizzazione della dimensione del team
Il CEO Stephen Hood considera questo risultato di conformità una conferma dei progressi dell'azienda e ritiene che tali sviluppi mettano MSGM in una posizione favorevole per sfruttare le opportunità di mercato e aumentare il valore per gli azionisti.
Motorsport Games (MSGM) ha recuperado con éxito el cumplimiento con el requisito de patrimonio neto para accionistas según la regla de listado Nasdaq 5550(b)(1). La compañía de videojuegos, conocida por desarrollar títulos de simulación de carreras como Le Mans Ultimate, ha demostrado avances mediante iniciativas recientes que incluyen:
- Una inversión estratégica de Pimax
- Lanzamiento del juego Le Mans Ultimate
- Introducción del servicio de suscripción RaceControl
- Implementación de medidas de control de costos
- Optimización del tamaño del equipo
El CEO Stephen Hood considera que este logro de cumplimiento valida el progreso de la empresa y cree que estos desarrollos posicionan a MSGM para aprovechar oportunidades de mercado y aumentar el valor para los accionistas.
Motorsport Games(MSGM)가 Nasdaq 상장 규칙 5550(b)(1)에 따른 주주 자본 요건을 성공적으로 충족하였습니다. Le Mans Ultimate와 같은 시뮬레이션 레이싱 게임을 개발하는 이 게임 회사는 다음과 같은 최근 이니셔티브를 통해 발전을 입증했습니다:
- Pimax의 전략적 투자
- Le Mans Ultimate 게임 출시
- RaceControl 구독 서비스 도입
- 비용 관리 조치 시행
- 팀 규모 최적화
CEO 스티븐 후드는 이번 요건 충족을 회사 발전의 검증으로 보고 있으며, 이러한 발전이 MSGM이 시장 기회를 활용하고 주주 가치를 높이는 데 유리한 위치에 있음을 의미한다고 믿고 있습니다.
Motorsport Games (MSGM) a réussi à se conformer à nouveau à l'exigence de capitaux propres des actionnaires selon la règle de cotation Nasdaq 5550(b)(1). Cette société de jeux, reconnue pour le développement de titres de simulation de course comme Le Mans Ultimate, a démontré ses progrès à travers des initiatives récentes, notamment :
- Un investissement stratégique de Pimax
- Le lancement du jeu Le Mans Ultimate
- L’introduction du service d’abonnement RaceControl
- La mise en place de mesures de contrôle des coûts
- L’optimisation de la taille de l’équipe
Le PDG Stephen Hood considère cette conformité comme une validation des avancées de l’entreprise et estime que ces développements positionnent MSGM pour tirer parti des opportunités du marché et accroître la valeur pour les actionnaires.
Motorsport Games (MSGM) hat erfolgreich die Einhaltung der Eigenkapitalanforderung für Aktionäre gemäß der Nasdaq-Listing-Regel 5550(b)(1) wiedererlangt. Das Gaming-Unternehmen, bekannt für die Entwicklung von Sim-Racing-Titeln wie Le Mans Ultimate, hat durch jüngste Initiativen Fortschritte gezeigt, darunter:
- Eine strategische Investition von Pimax
- Veröffentlichung des Spiels Le Mans Ultimate
- Einführung des Abonnementdienstes RaceControl
- Umsetzung von Kostenkontrollmaßnahmen
- Optimierung der Teamgröße
CEO Stephen Hood betrachtet diese Einhaltung als Bestätigung der Fortschritte des Unternehmens und ist der Ansicht, dass diese Entwicklungen MSGM in eine Position versetzen, Marktchancen zu nutzen und den Aktionärswert zu steigern.
- Regained Nasdaq listing compliance, reducing delisting risk
- Secured strategic investment from Pimax
- Launched new revenue streams: Le Mans Ultimate game and RaceControl subscription service
- Reduced operational costs through efficiency measures
- Previous non-compliance with Nasdaq requirements indicates past financial challenges
MIAMI, April 17, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (“Motorsport Games” or “the Company”), the racing game developer and publisher of prominent simulation racing (or “sim racing”) titles including Le Mans Ultimate, is pleased to announce that it has regained compliance with the stockholders’ equity requirement of the Nasdaq Stock Market (“Nasdaq”) as set forth in Nasdaq Listing Rule 5550(b)(1).
Chief Executive Officer of Motorsport Games Inc., Stephen Hood commented, “We see regaining compliance with the Nasdaq Capital Market’s equity requirement as a strong validation of the progress we’ve made. We believe that this update, along with the recent strategic investment led by Pimax, reinforces our momentum and positions us to continue to deliver upon our promise.”
“With recent product momentum on show with Le Mans Ultimate along with our new subscription service through RaceControl and reduced overheads through tighter cost-control measures and a more-efficient sized team, there is a belief throughout management that we can deliver upon the opportunities and unique proposition we have with in our market to increase shareholder value.”
About Motorsport Games:
Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as an official simulation racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.
For more information about Motorsport Games visit: www.motorsportgames.com
Forward Looking Statements
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “can,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “see,” “opportunity” and similar expressions are intended to identify such forward-looking statements.
These forward-looking statements include, but are not limited to, statements concerning the Company’s regaining compliance with the Nasdaq Capital Market’s equity requirement, along with the recent strategic investment led by Pimax, reinforcing the Company’s momentum and positioning the Company to continue to deliver upon its promise; management delivering upon the opportunities and unique proposition the Company has within its market to increase shareholder value; the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market, including the minimum stockholders’ equity requirement set forth in Listing Rule 5550(b)(1); and whether the Company will be able to evidence compliance with such minimum stockholders’ equity requirement upon the filing of its quarterly report for period ended March 31, 2025.
All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, without limitation: (i) the Company’s ability to obtain equity financing arrangements or similar transactions; (ii) the Company’s ability to demonstrate compliance with Nasdaq’s minimum stockholders’ equity requirement; (iii) the Company’s ability to otherwise maintain compliance with any other continued listing requirement of The Nasdaq Capital Market; and (iv) the risk that the Company’s Class A common stock may be subject to delisting if the Company fails to evidence compliance with the continued listing requirement of The Nasdaq Capital Market upon the filing of the Company’s next period report.
Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as well as in its subsequent filings with the SEC. The Company anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, the Company’s website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.
Website and Social Media Disclosure
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):
| Websites | Social Media |
| motorsportgames.com | Twitter: @msportgames |
| Instagram: msportgames | |
| Facebook: Motorsport Games | |
| LinkedIn: Motorsport Games |
The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.
Contacts:
Investors:
Investors@motorsportgames.com
Media:
PR@motorsportgames.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43e1e1f3-6a06-400d-bf45-cd3aa2c495b0
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