Motorsport Games Announces Sale of Traxion

May 1, 2024

https://www.globenewswire.com/news-release/2024/05/01/2873256/0/en/Motorsport-Games-Announces-Sale-of-Traxion.html

MIAMI, May 01, 2024 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ:MSGM) (the “Company” or “Motorsport Games”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series throughout the world, is today announcing the sale of its gaming media outlet Traxion to Traxion.GG Ltd, a UK subsidiary of Grid Finder Ltd for $250,000. This strategic decision continues Motorsport Games’ ongoing efforts to streamline operations, reduce operational costs and sell off components not considered core to the future of the business.

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