Roger Federer to serve as official starter for 24 Hours of Le Mans

Roger Federer will serve as the official starter for the 24 Hours of Le Mans race in June. Federer, a Swiss tennis great with 20 grand slam titles, will lower the flag to start the 93rd edition of the endurance race at the Sarthe circuit in north-west France. The Automobile Club de l'Ouest invites a well-known international personality to start the race every year.

Motorsport Games (MSGM) has successfully regained compliance with Nasdaq's stockholders' equity requirement under Listing Rule 5550(b)(1). The gaming company, known for developing sim racing titles like Le Mans Ultimate, has demonstrated progress through recent initiatives, including a strategic investment from Pimax, the launch of Le Mans Ultimate, the introduction of RaceControl subscription service, implementation of cost-control measures, and team size optimization. CEO Stephen Hood views this compliance achievement as validation of the company's progress and believes these developments position MSGM to capitalize on market opportunities and enhance shareholder value [1].

Motorsport Games is a racing game developer, publisher, and esports ecosystem provider. The company's recent strategic investment from Pimax and the successful launch of Le Mans Ultimate in Early Access have bolstered its market presence. The introduction of RaceControl, a subscription service, and cost-control measures have contributed to the company's financial stability. Furthermore, the company's official licensing for iconic motorsport racing series such as the 24 Hours of Le Mans and the FIA World Endurance Championship has solidified its position in the industry.

The company's forward-looking statements include the belief that it can maintain compliance with the continued listing requirements of The Nasdaq Capital Market, including the minimum stockholders' equity requirement set forth in Listing Rule 5550(b)(1). However, the company acknowledges significant risks and uncertainties, such as its ability to obtain equity financing arrangements, demonstrate compliance with Nasdaq's minimum stockholders' equity requirement, and maintain compliance with any other continued listing requirement of The Nasdaq Capital Market [1].

Motorsport Games' recent achievements and strategic initiatives position it for continued growth and success in the competitive gaming industry. The company's ability to maintain compliance with Nasdaq's listing requirements will be crucial for its long-term success and investor confidence.

References:
[1] https://www.stocktitan.net/news/MSGM/motorsport-games-regains-compliance-with-nasdaq-listing-fjun4y18i0fq.html