Motorsport Games Inc. 8K

Motorsport Games Inc. created a new anti-dilution, high-vote Series A Participating Preferred Stock series under a July 22, 2026 rights agreement, setting forth its dividend, voting, liquidation, ranking, and amendment protections.

Motorsport Games Inc. filed a Certificate of Designations establishing a new Series A Participating Preferred Stock, authorizing 50,000 shares with a $0.0001 par value that carry quarterly cash dividends set at the greater of $1.00 per share or 1,000 times dividends on the common stock, 1,000 votes per share (subject to anti-dilution adjustments), and a liquidation preference tied to 1,000 times the per-share distribution on common stock, all in connection with a Preferred Stock Rights Agreement dated July 22, 2026 with ClearTrust, LLC; the preferred shares are non-redeemable, rank junior to other preferred stock with respect to dividends and liquidation, include restrictions on junior and parity stock dividends/redemptions while dividends are in arrears, and require a two-thirds class vote of Series A holders for adverse charter or bylaw amendments.

Filing Facts

CIK

1821175

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-034333

Alert Tier

5