Motorsport Games issues share rights dividend under limited-duration stockholder rights plan
MSGM•Trigger, exercise and board powers
The rights become exercisable if any holder reaches 12.5% beneficial ownership, or if an existing 12.5% holder buys more shares.
If triggered, the rights let holders buy Class A shares worth 2x the exercise price, while the acquiring person's rights become void.
The board can exchange the rights for one Class A share per right or redeem them for $0.001 per right.
Rights plan adopted and dividend issued
Motorsport Games adopted a limited-duration stockholder rights plan, issuing one right per outstanding Class A share via a dividend.
The rights plan took effect immediately and is set to expire on July 20, 2027. The record date for the rights dividend is Aug. 3, 2026.
