MSGM - Motorsport Games Shares Surge After Regaining NASDAQ Compliance | Benzinga
In a notable pre-market surge, shares of MotorSport Games Inc. (NASDAQ:MSGM) climbed over 20%, following the company’s announcement of regaining compliance with NASDAQ listing requirements.
What Happened: At the moment of reporting, MSGM’s shares were valued at $2.81 in the pre-market session.
Previously facing operational challenges, MotorSport Games has executed a 2022 Restructuring Plan, which has reportedly slashed annual costs by $6.7 million, Investing.com reported. This was achieved through workforce reductions and the shutdown of certain operations.
The company is currently concentrating on revenue-driving initiatives, including the launch of “Le Mans Ultimate” and a partnership for ...