Motorsport Games Inc. 8-K

What Happened

• Motorsport Games Inc. announced on June 15, 2026 (filed 8-K June 18, 2026) that it entered into an Amendment to the Business Loan Agreement with Citibank, N.A., which provides the company a revolving line of credit.
• The company also executed an amendment to the related promissory note, extending the note’s maturity from February 20, 2027 to February 20, 2028. The original Credit Agreement and Promissory Note date to February 20, 2026.

Key Details

• Amendment date: June 15, 2026; 8‑K filed June 18, 2026.
• Lender: Citibank, N.A.; facility: revolving line of credit under a Business Loan Agreement (originally dated Feb 20, 2026).
• Covenant change: the Fixed Charge Coverage Ratio definition was revised to add the company’s cash interest expenses to the denominator.
• Promissory note maturity extended by one year: from Feb 20, 2027 → Feb 20, 2028.

Why It Matters

• These changes alter Motorsport Games’ borrowing terms and the way a key covenant (Fixed Charge Coverage Ratio) is calculated, which affects how covenant compliance will be measured going forward.
• Extending the promissory note maturity gives the company more time before repayment is due, while the covenant revision changes the ratio mechanics that could affect future compliance assessments by the lender.
• Investors should note the modification of a material financing agreement with Citibank and consider monitoring future covenant testing disclosures and liquidity updates.