After fulfilling the necessary listing requirements to remain on the US indices, shares of Motorsport Games Inc. (NASDAQ: MSGM) experienced a significant upward trend. In the most recent session, MSGM stock surged by 19.66%, closing at $2.80.
Achieving NASDAQ Compliance
Motorsport Games (MSGM) announced its re-compliance with the NASDAQ Stock Market’s continuous listing standards. This achievement underscores MSGM’s commitment to robust corporate governance and financial integrity. The company is poised to capitalize on forthcoming opportunities, continuing its drive for innovation and growth within the racing game and entertainment sectors.
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Strategic Focus On Shareholder Value
Motorsport Games is steadfast in its efforts to enhance shareholder value, notably through its 2022 Restructuring Plan, which has successfully reduced annual costs by $6.7 million. By downsizing excess headcount and terminating several non-viable ventures, the company is now channeling its resources into immediate revenue-generating opportunities.
These include the recent launch of Le Mans Ultimate and collaborative ventures with partners such as Kindred Concepts (F1 Arcade), where Motorsport Games’ rFactor 2 software is integral to the experience.
Exciting Updates For Le Mans Ultimate
Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans, has received a significant upgrade, according to Motorsport Games. The upgrade, which is slated for release on June 10th, will bring in a number of much-needed additions, including a replay suite, a radar, and better race starts.
The game will also include the BMW M Hybrid V8 LMDh as a free DLC item as part of this update, honoring BMW’s 25th anniversary of winning its first overall at Le Mans. Moreover, a variety of new 2024 Hypercar liveries for current models will be offered at no extra cost, giving enthusiasts even more personalization choices.
Users’ gameplay experience will be improved with the progressive introduction of new 2024 content over the course of the next year through four DLC packs. More 2024 content is also expected to be added to the game through four DLC packs that will be released over the course of the following 12 months.
Four new Hypercars, four new circuits, and seven GT3 cars will be included in these, along with two GT3 vehicles and 24 Hours of Le Mans liveries that are given away as special early access presents to all players.
