Motorsport Games Adjourns Annual Meeting Due to Lack of Quorum: Key Details for Investors

Key Points from the Announcement

• Annual Shareholder Meeting Adjourned: Motorsport Games Inc. (NASDAQ: MSGM) was unable to conduct business at its scheduled annual meeting on April 17, 2026, due to a lack of the required quorum of shareholders present or represented by proxy.
• Meeting Rescheduled: The annual meeting will reconvene at 11:00 a.m. Eastern Time on Tuesday, April 21, 2026, at the company’s corporate headquarters in Miramar, Florida.
• Ongoing Solicitation of Votes: The company will continue to solicit votes from shareholders regarding proposals detailed in the definitive proxy statement filed with the SEC on March 16, 2026.
• Shareholder Action Required: Shareholders of record as of February 27, 2026, are strongly encouraged to submit their votes by Monday, April 20, 2026, at 11:59 p.m. Eastern Time.

Details for Shareholders and Potential Impact on Share Value

• Lack of Quorum May Be Price-Sensitive: The inability to achieve a quorum prevents the company from moving forward with potentially critical business decisions, including approval of proposals that could impact corporate governance, strategic direction, and financial planning. This delay may introduce short-term uncertainty for investors.
• Continued Solicitation of Votes: Motorsport Games is urging shareholders who have not yet voted to do so immediately. This highlights the importance of shareholder participation in shaping the company’s future and the urgency of resolving outstanding governance matters.
• Potential Share Price Volatility: Adjournments due to lack of quorum are often viewed as a sign of shareholder disengagement or dissatisfaction, which can lead to volatility in the company’s share price. Investors should monitor further developments closely, as shareholder actions in the coming days may affect market sentiment.

About Motorsport Games

Motorsport Games is a leading developer, publisher, and esports ecosystem provider for official motorsport racing series. The company is known for creating innovative and realistic racing video games. It holds official licenses for high-profile series such as the 24 Hours of Le Mans and the FIA World Endurance Championship, and recently released Le Mans Ultimate Version 1.3, which features new cars, updated 2025 content, and other improvements.

Motorsport Games also owns the acclaimed rFactor 2 and KartKraft simulation platforms, with rFactor 2 powering F1® Arcade through a partnership with Kindred Concepts. The company is a recognized esports partner for the 24 Hours of Le Mans, organizing the Le Mans Virtual Series, and is focused on building a comprehensive virtual racing ecosystem.

Forward-Looking Statements

The press release contains forward-looking statements related to the company’s plans to build a vibrant, integrated virtual racing ecosystem and the potential impact of shareholder decisions. These statements involve risks and uncertainties, including the ability to execute on product development, maintain engagement, and secure necessary approvals at shareholder meetings.

Investors are cautioned that actual results may differ materially due to factors outside the company’s control, such as changes in shareholder participation and broader industry trends. Further information on these risks can be found in the company’s SEC filings, including the latest Annual Report and subsequent filings.

Investor and Media Contacts

Investors: [email protected]
Media: [email protected]

For more information, visit www.motorsportgames.com or the investor relations site at ir.motorsportgames.com. The company also communicates via its social media channels on Twitter (@msportgames), Instagram (msportgames), Facebook (Motorsport Games), and LinkedIn (Motorsport Games).

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official company filings and consult with financial advisors before making investment decisions. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected.

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