Welcome to our dedicated page for Motorsport Games news (Ticker: MSGM), a resource for investors and traders seeking the latest updates and insights on Motorsport Games stock.
Motorsport Games Inc. develops and publishes racing simulation games and operates esports content tied to official motorsport series. Company news commonly covers Le Mans Ultimate content updates, online competition features, RaceControl subscriptions, and licensed series content for the 24 Hours of Le Mans, the FIA World Endurance Championship, and the European Le Mans Series.
Updates also address financial results, share repurchases, shareholder meeting matters, and governance actions. The company’s portfolio includes the rFactor 2 and KartKraft simulation platforms, while its esports activities include events such as the Le Mans Virtual Series and technology partnerships connected to F1 Arcade.
Motorsport Games (NASDAQ: MSGM) has announced an updated joint venture with the Automobile Club de l’Ouest, extending their collaboration to a ten-year exclusive license for video games related to the 24 Hours of Le Mans and FIA World Endurance Championship. This agreement replaces the original 2019 contract and follows the success of the Le Mans Esports Series, highlighted by the 2020 Virtual Le Mans event that attracted a large global audience. The partnership aims to enhance esports offerings and create dedicated endurance video games, capitalizing on the growing popularity of motorsport gaming.
Motorsport Games Inc. has completed its initial public offering, successfully closing on 3,450,000 shares of its Class A common stock. The offering comprised 3,000,000 shares, with an additional 450,000 shares sold following the underwriters' option. Shares were priced at $20.00, yielding gross proceeds of approximately $69.0 million for the company. This stock is now listed on the Nasdaq under the ticker symbol MSGM. Canaccord Genuity LLC and The Benchmark Company, LLC served as joint book-running managers.
Motorsport Games has priced its initial public offering (IPO) at $20.00 per share, offering 3,000,000 shares of Class A common stock. The IPO is set to generate approximately $60 million in gross proceeds, with an option for underwriters to purchase an additional 450,000 shares. Trading is expected to commence on January 13, 2021, with the closing anticipated on January 15, 2021, subject to standard conditions. Canaccord Genuity LLC and The Benchmark Company, LLC are the joint book-running managers for this offering.
Motorsport Gaming US LLC has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its Class A common stock. The specific number of shares and the price range have yet to be determined, and the offering depends on market conditions. Motorsport Games plans to list its shares on the Nasdaq Capital Market under the symbol 'MSGM.' Canaccord Genuity LLC and The Benchmark Company, LLC will serve as joint book-running managers for the offering. This filing does not constitute an offer to sell these securities until the registration statement is effective.