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MSGM - Motorsport Games to launch ~$3.9M registered direct offering
Motorsport Games Inc.
Racing game developer Motorsport Games ( NASDAQ: MSGM ) is selling 183,020 class A shares at $21.40 per share in a registered direct offering priced at-the-market under Nasdaq rules.
The ~$3.9M offering is expected to close on or about Feb. 3.
The net proceeds are intended to be used for the development of multiple games, working capital and general corporate purposes.