Motorsport Games Announces $4.03 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

February 3, 2023

https://www.globenewswire.com/news-release/2023/02/03/2601574/0/en/Motorsport-Games-Announces-4-03-Million-Registered-Direct-Offering-Priced-At-the-Market-Under-Nasdaq-Rules.html

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ:MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 232,188 shares of the Company’s Class A common stock at a purchase price of $17.39 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 7, 2023, subject to the satisfaction of customary closing conditions.

Read more at globenewswire.com

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