4//SEC Filing
ZOI MIKE 4
Accession 0001493152-23-003008
CIK 0001821175other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 5:54 PM ET
Size
9.0 KB
Accession
0001493152-23-003008
Insider Transaction Report
Form 4
ZOI MIKE
10% Owner
Transactions
- Purchase
Class A Common Stock
2023-01-30$2.95/sh+338,983$1,000,000→ 1,038,983 total(indirect: By LLC)
Footnotes (4)
- [F1]On January 30, 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 338,983 shares of the Company's Class A common stock in exchange for an amount equal to $1,000,000, which represents a portion of the Company's outstanding balance (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.
- [F2]The Nasdaq Official Closing Price as reported on January 27, 2023.
- [F3]On November 10, 2022, the Company effected a 1-for-10 reverse stock split of its outstanding shares of Class A common stock. The amount of securities reported as beneficially owned on this Form 4 has been adjusted to reflect the reverse stock split.
- [F4]These shares are owned directly by Motorsport Network and indirectly by Mike Zoi as Manager of Motorsport Network.
Documents
Issuer
Motorsport Games Inc.
CIK 0001821175
Entity typeother
Related Parties
1- filerCIK 0001273345
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 5:54 PM ET
- Size
- 9.0 KB