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 Pi

MIAMI, April 15, 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 today announcing a private placement offering for gross proceeds of approximately $2.5 million, before deducting offering expenses, pursuant to a definitive agreement entered into on April 11, 2025 (the "Purchase Agreement") with certain institutional and accredited investors, including an affiliate of Pimax Innovation Inc. ("Pimax"), a Delaware technology company and a global leader in high-end virtual reality ("VR") headsets, to issue 1,894,892 shares of the Com

MIAMI, April 15, 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 today announcing a private placement offering for gross proceeds of approximately $2.5 million, before deducting offering expenses, pursuant to a definitive agreement entered into on April 11, 2025 (the "Purchase Agreement") with certain institutional and accredited investors, including an affiliate of Pimax Innovation Inc. ("Pimax"), a Delaware technology company and a global leader in high-end virtual reality ("VR") headsets, to issue 1,894,892 shares of the Com

MIAMI, March 20, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. The Company has also posted the fourth quarter and fiscal year-end 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "2024 was a revitalizing year for the company with improved revenues, reduced cash burn and the release of our new title Le Mans Ultimate in Early Access," commented Stephen Hood, President and Chief Executive Officer of Motorsport Games. "Th

MIAMI, March 14, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the fourth quarter and full year 2024 fiscal year on Thursday, March 20, 2025 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." This webcast will be available live and remain accessible as a recording for 12 months following the da

MIAMI, March 07, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM), a racing game developer and publisher, announces that on February 26, 2025, the U.S. District Court for the District of Delaware (the "Court") granted the summary judgment motion in favor of Motorsport Games Inc. (the "Company") and the other defendants, the Company's former Chief Executive Officer and Executive Chairman, the Company's former Chief Financial Officer, and the Manager of Driven Lifestyle Group LLC., in the case titled Innovate 2 Corp., Motorsport Games Inc., et al., No. 1:21-cv-165-SB. The judgment entered by the Court held in favor of the Company and the other defendants on all counts and grante

MIAMI, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") is today releasing the next update for "Le Mans Ultimate", the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update increases the content available to players by adding three more LMGT3 category cars along with significant quality of life improvements. Head-turning LMGT3 machinery from supercar manufacturers Porsche and Aston Martin form the contents of "2024 Pack 4". The Aston Martin Vantage AMR LMGT3 is a second-generation car from the famous British marque, ever present in sportscar racing. From Porsche, the 911 GT3 R LMGT3,

MIAMI, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM), a racing game developer and publisher, today announced operational, financial and other business updates. Recent Highlights and Accomplishments Expected to generate fourth quarter 2024 revenues ranging from $1.8 million to $2.1 million and full year 2024 total revenues ranging from $8.5 million to $8.8 million;Recorded strong revenues during December, boosted by the release of new content for Le Mans Ultimate, a title still in early access that has surpassed 100,000 net unit sales;Launched a new subscription option within our growing RaceControl platform, our online service providing multiplayer and community r

MIAMI, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") is set to release the next update for "Le Mans Ultimate", the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans on December 10 2024. This latest update increases the content available to players by adding four of the new for 2024 LMGT3 category cars. The McLaren 720S LMGT3 Evo will be available for free to all users in Early Access and the remainder forms Pack 3 of the 2024 Season Pass along with the Interlagos circuit. Significant game updates, expected to increase player experience, also come in this update. The ability for players to host th

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "The business has continued to take useful strides in Q3 2024 with further product updates, business streamlining and in the assessment of undertaking of the previously announced ‘strategic alternatives,'" remarked Stephen Hood, President and Chief Executive Officer of Motorsport Games.

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Noble Capital Markets downgraded Motorsport Games from Outperform to Market Perform

DA Davidson initiated coverage of Motorsport Games with a rating of Buy and set a new price target of $15.00

Oppenheimer initiated coverage of Motorsport Games with a rating of Buy and set a new price target of $42.00

Benchmark initiated coverage of Motorsport Games with a rating of Buy and set a new price target of $42.00

The Benchmark Company initiated coverage of Motorsport Games with a rating of Buy and set a new price target of $42.00

Canaccord Genuity initiated coverage of Motorsport Games with a rating of Buy

Canaccord Genuity initiated coverage of Motorsport Games with a rating of Buy and set a new price target of $40.00

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4 - Motorsport Games Inc. (0001821175) (Issuer)

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MIAMI, March 20, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. The Company has also posted the fourth quarter and fiscal year-end 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "2024 was a revitalizing year for the company with improved revenues, reduced cash burn and the release of our new title Le Mans Ultimate in Early Access," commented Stephen Hood, President and Chief Executive Officer of Motorsport Games. "Th

MIAMI, March 14, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the fourth quarter and full year 2024 fiscal year on Thursday, March 20, 2025 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." This webcast will be available live and remain accessible as a recording for 12 months following the da

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company") today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "The business has continued to take useful strides in Q3 2024 with further product updates, business streamlining and in the assessment of undertaking of the previously announced ‘strategic alternatives,'" remarked Stephen Hood, President and Chief Executive Officer of Motorsport Games.

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the third quarter of 2024 on Thursday, November 14, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." This webcast will be available live and remain accessible as a recording for 12 months following the date of the call. The ca

MIAMI, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the second quarter of 2024 on Friday, August 9, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." This webcast will be available live and remain accessible as a recording for 12 months following the date of the call. The call m

MIAMI, May 07, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or the "Company") today reported financial results for its first quarter ended March 31, 2024. The Company has also posted the first quarter 2024 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website. "The first quarter of 2024 marked a significant milestone in the company's rejuvenation with the release of the first game developed solely by Studio 397, Le Mans Ultimate, to recognizably positive reviews," commented Stephen Hood, President and Chief Executive Officer of Motorsport Games. "Thanks to th

MIAMI, May 02, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the first quarter of 2024 on Tuesday, May 7, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the live webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." The call may also be accessed by dialing 1-800-225-9448 or 1-203-518-9708 and using conference ID "Motor". About Motorsport Gam

MIAMI, April 01, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or the "Company") today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. The Company has also posted the fourth quarter and fiscal year-end 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website. "2023 was a year of repositioning. Reducing costs, headcount and projects allowed us to focus on what we know best, making innovative games. Having determined the correct direction for the company, we put our energy into Le Mans Ultimate, an innovative team-based racing ti

MIAMI, March 27, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or "the Company"), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the fourth fiscal quarter of 2023 and full 2023 fiscal year on Monday, April 1, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the live webcast on the Company's investor relations website at https://ir.motorsportgames.com under "Events." The call may also be accessed by dialing 1-888-886-7786 from the U.S., or by dial

MIAMI, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM) ("Motorsport Games" or the "Company") today reported financial results for its third fiscal quarter ended September 30, 2023. The Company has also posted Q3 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website. All share data and share-based calculations set forth in this press release have been adjusted to reflect the Company's 1-for-10 reverse stock split completed on November 10, 2022 on a retroactive basis for the periods presented. "This quarter has continued to be one of business transformation," commented Stephen Hood