Motorsport Games regains compliance with NASDAQ, restructuring plan continues

Motorsport Games announces that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market. “We are pleased to have regained compliance with NASDAQ continuing listing requirements,” said Stephen Hood, CEO of Motorsport Games . “This milestone reflects our dedication to maintaining strong corporate governance and financial integrity. We are excited about the opportunities ahead as we continue to drive innovation and growth in the racing game and entertainment space.” “The company is pushing ahead with its plans to focus on creating shareholder value, with our 2022 Restructuring Plan having saved the business $6.7m in annualised costs. Having reduced excess headcount and closed several unsustainable or unprofitable ventures, the business is focusing on its near-term opportunities to drive revenue, including the recently released Le Mans Ultimate and our ventures with other partners including Kindred Concepts for which we provide the heartbeat of the experience through use of our rFactor 2 software.”