Motorsport Games Inc. Reports Voting Results from Special Meeting

Motorsport Games Inc. held a Special Meeting of Stockholders on October 25, 2024, where important decisions were made regarding the company’s future. During the meeting, stockholders of Motorsport Games Inc. had the opportunity to vote on two key proposals as outlined in the Definitive Proxy Statement filed on September 10, 2024.

The first proposal, known as the “Warrant Exercise Proposal,” involved the approval to exercise warrants issued by the company on July 29, 2024, allowing the purchase of nearly 949,310 shares of the company’s Class A common stock. Unfortunately, the stockholders did not approve this proposal, with 210,069 votes cast in favor and 8,524,301 against, alongside 1,133 abstentions.

The second proposal, termed the “Adjournment Proposal,” sought approval for potential adjournments of the Special Meeting to gather additional proxies if required due to insufficient votes in favor of the Warrant Exercise Proposal. The stockholders approved the Adjournment Proposal, with 8,689,341 votes in favor, 45,037 against, and 1,125 abstentions. Despite the approval, a decision was ultimately made not to adjourn the Special Meeting to a later date.

It is noteworthy that there were no broker non-votes concerning the Warrant Exercise Proposal or the Adjournment Proposal, as these proposals were considered “non-routine” in nature. With the results outlined above, Motorsport Games Inc. continues to move forward with a clear mandate from its stockholders.

The report was signed by Stephen Hood, the Chief Executive Officer and President of Motorsport Games Inc., on October 25, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Motorsport Games’s 8K filing here.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.