MSGM - Motorsport Games enters equity purchase agreement
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Motorsport Games ( NASDAQ: MSGM ) has entered into a purchase agreement with an investor for up to $2M, which amount may increase at the company’s option to $10M.
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Any shares of common stock that is sold to the investor will occur at a purchase price that is determined in part by prevailing market prices at the time of each sale.
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SA states that the stock is at a high risk of performing badly as it has inferior profitability and decelerating momentum when compared to other Communication Services stocks, to the point that it gets a Sell rating from our Quant rating system.
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Motorsport Games enters equity purchase agreement