Motorsport Games Regains Compliance With NASDAQ Listing Rules
Motorsport Games Regains Compliance With NASDAQ Listing Rules
"The company is pushing ahead with its plans to focus on creating shareholder value, with our 2022 Restructuring Plan having saved the business $6.7m in annualised costs. Having reduced excess headcount and closed several unsustainable or unprofitable ventures, the business is focusing on its near-term opportunities to drive revenue, including the recently released Le Mans Ultimate and our ventures with other partners including Kindred Concepts (F1 Arcade) for which we provide the heartbeat of the experience through use of our rFactor 2 software."
Motorsport Games Regains Compliance With NASDAQ Listing Rules
摩托運動遊戲重新符合納斯達克上市規則。
MIAMI, June 05, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), the racing game developer and publisher, is pleased to announce that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market.
2024年6月5日，邁阿密（GLOBE NEWSWIRE）——賽車遊戲開發商和發行商Motorsport Games Inc.（納斯達克股票代碼：MSGM）很高興宣佈，已恢復符合NASDAQ股票市場繼續上市要求。
"We are pleased to have regained compliance with NASDAQ continuing listing requirements," said Stephen Hood, CEO of Motorsport Games Inc. "This milestone reflects our dedication to maintaining strong corporate governance and financial integrity. We are excited about the opportunities ahead as we continue to drive innovation and growth in the racing game and entertainment space."
Motorsport Games Inc.的首席執行官Stephen Hood表示：“我們很高興已經恢復了符合NASDAQ的股票市場繼續上市要求，這個里程碑反映了我們維護強大的公司治理和財務誠信的承諾。我們對未來的機遇感到興奮，因爲我們繼續在賽車遊戲和娛樂領域推動創新和增長。”
"The company is pushing ahead with its plans to focus on creating shareholder value, with our 2022 Restructuring Plan having saved the business $6.7m in annualised costs. Having reduced excess headcount and closed several unsustainable or unprofitable ventures, the business is focusing on its near-term opportunities to drive revenue, including the recently released Le Mans Ultimate and our ventures with other partners including Kindred Concepts (F1 Arcade) for which we provide the heartbeat of the experience through use of our rFactor 2 software."
該公司正在推進其計劃，以增加股東價值，我們的2022重組計劃在節省了670萬美元的年化成本後取得了成功。通過減少過多的人員和關閉幾個不可持續或不盈利的項目，該企業正在專注於其短期的收入增長機會，其中包括最近發佈的遊戲和我們與其他合作伙伴的企業，包括Kindred Concepts（F1 Arcade），我們通過使用我們的rFactor 2軟件提供了遊戲的基礎框架。勒芒終極賽車和我們與其他合作伙伴，包括Kindred Concepts（F1）的風險投資。通過我們的rFactor 2軟件，公司正在進行其他合作伙伴的風險投資，包括Kindred Concepts（F1 Arcade）等，爲遊戲提供核心的體驗。
More information on the NASDAQ's determination is disclosed in Motorsport Games' Current Report on Form 8-K filed by the Company today, June 5, 2024, which report is incorporated into this press release by this reference.
有關納斯達克的決定的更多信息請參見Motorsport Games公司今天提交的《8-K》表格中披露，該報告已被引用並納入本新聞稿中。
About Motorsport Games:
關於Motorsport Games:
Motorsport Games, a Driven Lifestyle Group company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.
Motorsport Games是Driven Lifestyle Group公司旗下的一家賽車遊戲開發商、發行商和電子競技生態系統提供商，提供官方賽車系列的電子遊戲、電競競賽和內容。Motorsport Games將創新和富有吸引力的視頻遊戲與令人興奮的電子競技競賽和內容相結合，爲賽車迷和玩家們製作真實接近現實的賽車遊戲。該公司是勒芒24小時和FIA世界耐力錦標賽的官方許可視頻遊戲開發商和發行商，最近推出了勒芒終極賽車。Motorsport Games還擁有業界領先的rFactor 2和KartKraft模擬平台。rFactor 2也是Formula E的官方模擬賽車平台，同時通過與Kindred Concepts的合作，也爲F1 Arcade提供動力驅動。Motorsport Games還是24小時勒芒的獲獎電競合作伙伴，創建了著名的勒芒虛擬系列。Motorsport Games正在建立一個虛擬賽車生態系統，其中每個產品都能帶來激動人心的體驗，每個電子競技活動都是一次冒險，每個比賽都能激發靈感。勒芒終極賽車是早期訪問的。勒芒虛擬系列是著名的電子競技合作伙伴。Motorsport Games正在建立一個虛擬賽車生態系統，其中每個產品都能帶來激動人心的體驗，每個電子競技活動都是一次冒險，每個比賽都能激發靈感。
For more information about Motorsport Games visit: www.motorsportgames.com.
欲了解更多有關賽車遊戲方面的訊息請訪問： www.motorsportgames.com.
Forward Looking Statements
前瞻性聲明
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements.
本新聞稿中的某些陳述不是歷史事實，而是根據1933年修正案第27A條和1934年修正案第21E條的安全港規定而進行的前瞻性陳述，並根據1995年的《私人證券訴訟改革法案》的安全港規定提供。本新聞稿中的任何不是歷史事實的陳述都可能被視爲前瞻性陳述。旨在確定這些前瞻性陳述的詞語包括但不限於：“繼續”、“將”、“可能”、“可能”、“應該”、“預期”、“預期”、“計劃”、“打算”、“預期”、“相信”、“估計”、“預測”、“潛在”的表達，以及類似語句。
These forward-looking statements include, but are not limited to, concerning the Company's future financial performance, whether the Company will maintain compliance with the NCM Equity Rule and/or whether the Company will be able to evidence compliance upon filing of its quarterly periodic report for period ending June 30, 2024.
這些前瞻性陳述包括但不限於有關公司未來財務表現的陳述，以及公司是否將保持對NCM Equity Rule的合規性和/或是否將能夠在提交截至2024年6月30日的季度定期報告時證明合規性的陳述。
All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, without limitation: (i) Motorsport Games' ability to obtain equity financing arrangements or similar transactions; (ii) Nasdaq's acceptance of evidence of compliance; or (iii) Motorsport Games' ability to otherwise maintain compliance with any other continued listing requirement of The Nasdaq Capital Market.
所有前瞻性陳述都涉及重大風險和不確定性，這些風險和不確定性可能導致實際結果與前瞻性陳述中表達或暗示的結果迥異，其中許多風險和不確定性通常超出Motorsport Games的控制範圍並且很難預測。這些風險和不確定性的例子包括但不限於：（i）Motorsport Games獲得股本融資安排或類似交易的能力；（ii）納斯達克對合規性證據的接受程度；或（iii）Motorsport Games否能滿足納斯達克資本市場內其他繼續上市要求的能力。
Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games' filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games' plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games' website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.
除了上述所述風險和不確定性之外還有其他因素可能導致實際結果與預期結果存在實質性的差異。更多可能導致Motorsport Games的實際結果與預期結果存在實質性的差異的因素可以在Motorsport Games提交的美國證券交易委員會（SEC）的文件中找到，其中包括其截至2023年12月31日的財年的10-K年度報告，以及隨後提交給SEC的文件。Motorsport Games預計，後續事件和發展可能導致其計劃、意圖和期望發生變化。Motorsport Games不承擔任何承諾或義務，明確不打算更新任何前瞻性陳述，無論是因爲新信息、未來事件還是其他原因，除非法律明確要求。前瞻性陳述僅限於它們被髮表的日期，並且不應被視爲代表Motorsport Games計劃和期望的陳述。此外，在Motorsport Games網站或與本新聞稿相關或鏈接的其他網站上發佈的商業和財務材料及任何其他聲明或披露不會被併入本新聞稿。
Website and Social Media Disclosure
網站和社交媒體披露
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):
投資者和其他人士應注意，我們將重要財務信息公告給投資者使用我們的投資者關係網站（ir.motorsportgames.com），包括證券交易委員會的文件、新聞稿、公開電話會議和網絡直播等渠道。我們使用這些渠道以及社交媒體和博客等方式與投資者和公衆溝通我們的公司及產品信息。有可能我們在網站、社交媒體和博客上發佈的信息被視爲重要信息。因此，我們鼓勵對我們公司感興趣的投資者、媒體和其他人士查看我們在網站、社交媒體和博客上發佈的信息，包括以下列表（我們將在投資者關係網站上不時更新此列表）：
| Websites | Social Media |
| motorsportgames.com | Twitter: @msportgames |
| Instagram: msportgames | |
| Facebook: Motorsport Games | |
| LinkedIn: Motorsport Games |
| 網站 | 社交媒體 |
| motorsportgames.com | Twitter:@msportgames |
| Instagram:msportgames | |
| Facebook:Motorsport Games | |
| LinkedIn:Motorsport Games |
The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.
這些網站和社交媒體渠道的內容不是本新聞稿的一部分，也不會被納入參考文獻。
Contacts:
聯繫人：
Investors:
Investors@motorsportgames.com
Media:
PR@motorsportgames.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5877d138-cf1a-417c-91bb-214f3badab47
譯文內容由第三人軟體翻譯。