Filing Details
- Accession Number:
- 0001493152-23-003438
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-02 17:06:43
- Reporting Period:
- 2023-02-01
- Accepted Time:
- 2023-02-02 17:06:43
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1821175 | Motorsport Games Inc. | MSGM | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1273345 | Mike Zoi | C/O Motorsport Games Inc. 5972 Ne 4Th Avenue Miami FL 33137 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-02-01 | 441,402 | $6.68 | 1,480,385 | No | 4 | P | Indirect | By Motorsport Network, LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By Motorsport Network, LLC |
Footnotes
- On February 1, 2023, Motorsport Network, LLC ("Motorsport Network") entered into a debt-for-equity exchange agreement with Motorsport Games Inc. (the "Company") pursuant to which the Company agreed to issue to Motorsport Network, LLC 441,402 shares of the Company's Class A common stock, which represents the Company's remaining balance outstanding (including the principal and accrued and not yet paid interests thereon) under the promissory note in favor of Motorsport Network dated April 1, 2020, as amended on November 23, 2020.
- The average Nasdaq Official Closing Price for the consecutive five trading day period ending on January 31, 2023.
- These shares are owned directly by Motorsport Network and indirectly by Mike Zoi as Manager of Motorsport Network.
Billionaire Hedge Funds
