You know that, due to its relevance in the world of simulators, we keep track of all the companies that develop them. Motorsport Games (MSGM) is already known to be in a precarious financial situation and likely facing challenges in other aspects. Here’s the latest update.
In a new SEC note, several violations are detailed that could lead the company to be delisted from Nasdaq. Specifically, there is a shortfall in the value of shares held by third parties, which should amount to $2.5 million but currently barely reaches half a million.
The company has 45 days to submit a plan with measures to address this issue, which could grant them a 180-day extension on their journey through the technology index.
We will see if the launch of Le Mans Ultimate comes as the last resort they can cling to.
