Motorsport Games Inc. (MSGM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 2355.06% of current shares
Recent Dilution: 92.78% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.2M
Potential Supply
98M
Additional shares possible
Splits
None
Past 2 years

Summary

MSGM currently has 4.17M outstanding shares. with significant dilution risk as 98.3M authorized shares could dilute existing holders by 2355.1%. The company has significantly diluted shareholders by 92.78% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 4.2M shares outstanding

4.2M 98M
Mar 10, 2026

10-K filing | 4.8M shares outstanding

4.8M 98M
Aug 13, 2025

10-Q filing | 5.2M shares outstanding

5.2M 98M
May 30, 2025

S-3 filing: This S-3 filing registers for resale 2,272,728 shares of Class A common stock by selling stockholders, consisting of 1,894,892 shares issued in a private placement and up to 377,836 warrant shares. The company will not receive any proceeds from the sale of these shares.

5.1M 98M
May 09, 2025

10-Q filing | 5.1M shares outstanding

5.1M 96M
Apr 14, 2025

8-K filing: Motorsport Games Inc. entered into a securities purchase agreement for the issuance and sale of shares and pre-funded warrants in a private placement, closing as to gross proceeds of $2.4 million on April 11, 2025, with the remaining $100,000 expected to close on April 15, 2025. ($2.5M proceeds)

2.9M 96M
Mar 20, 2025

10-K filing | 2.9M shares outstanding

2.9M 96M
Nov 25, 2024

S-3 filing: Motorsport Games Inc. may offer and sell up to $100,000,000 of any combination of Class A common stock, preferred stock, debt securities, warrants or units.

3M 96M
Nov 14, 2024

10-Q filing | 3.0M shares outstanding

3M 5.9M
Aug 20, 2024

S-1 filing: This prospectus relates to the resale from time to time of up to 949,310 shares of Class A common stock of Motorsport Games Inc. by the Selling Stockholders.

3.2M 5.9M
Aug 09, 2024

10-Q filing | 3.1M shares outstanding

3.1M 5M
Jul 29, 2024

8-K filing: Motorsport Games Inc. sold 351,928 shares of Class A common stock and pre-funded warrants to purchase up to 108,902 shares of Class A common stock at $2.17 and $2.1699 respectively, expecting gross proceeds of approximately $1.0 million in a registered direct offering and concurrent private placement, with associated warrants issued to investors and the placement agent. ($1.0M proceeds)

2.7M 5M
May 07, 2024

10-Q filing | 2.7M shares outstanding

2.7M 5M
Apr 01, 2024

10-K filing | 2.6M shares outstanding

2.6M 5M
Nov 07, 2023

10-Q filing | 2.7M shares outstanding

2.7M 5M
Aug 21, 2023

10-Q filing | 2.7M shares outstanding

2.7M 5M
May 11, 2023

10-Q filing | 2.7M shares outstanding

2.7M 5M
Mar 28, 2023

8-K filing: Motorsport Games Inc. issued shares of Class A common stock to Alumni Capital, Motorsport Network, LLC, and in registered direct offerings, resulting in stockholders' equity exceeding $2,500,000. ($11.95M proceeds)

2.8M 5M
Mar 24, 2023

10-K filing | 2.8M shares outstanding

2.8M 5M
Feb 06, 2023

8-K filing: Motorsport Games Inc. entered into a securities purchase agreement to issue and sell 232,188 shares of Class A common stock in a registered direct offering at $17.39 per share, expecting gross proceeds of approximately $4.03 million. ($4.03M proceeds)

1.4M 5M
Feb 03, 2023

8-K filing: Motorsport Games Inc. entered into a securities purchase agreement to issue and sell 144,366 shares of Class A common stock in a registered direct offering at $23.50 per share, with gross proceeds of approximately $3.39 million. ($3.39M proceeds)

1.4M 5M
Feb 02, 2023

8-K filing: Motorsport Games Inc. completed a registered direct offering of 183,020 shares of Class A common stock at $21.40 per share, and issued 441,402 shares of Class A Common Stock to Motorsport Network in a debt-for-equity exchange. ($3.92M proceeds)

1.4M 5M
Jan 30, 2023

8-K filing: Motorsport Games Inc. issued 338,983 shares of Class A common stock to Motorsport Network, LLC in exchange for the cancellation of $1,000,000 of outstanding debt. ($1.0M proceeds)

1.4M 5M
Jan 27, 2023

8-K filing: The company issued shares of Class A common stock to Alumni Capital LP between December 9, 2022, and January 27, 2023, and disclosed share ownership as of January 27, 2023.

1.4M 5M
Dec 09, 2022

8-K filing: Motorsport Games Inc. entered into a purchase agreement with Alumni Capital LP, allowing the Company to sell up to $2,000,000 of Class A common stock, which may increase to up to $10,000,000, until December 31, 2023.

1.2M 5M
Nov 18, 2022

10-Q filing | 1.2M shares outstanding

1.2M 5M
Aug 10, 2022

10-Q filing | 11.7M shares outstanding

12M 5M
May 16, 2022

10-Q filing | 11.7M shares outstanding

12M 5M
Mar 30, 2022

10-K filing | 11.7M shares outstanding

12M 5M
Feb 01, 2022

S-3 filing: The filing is an S-3 form for a shelf offering of Class A common stock by the company and potentially by a selling stockholder.

4.6M 5M
Nov 04, 2021

10-Q filing | 11.6M shares outstanding

12M 3.5M
Aug 11, 2021

10-Q filing | 11.6M shares outstanding

12M 3.5M
May 17, 2021

10-Q filing | 11.6M shares outstanding

12M 3.5M
Apr 20, 2021

8-K filing: Motorsport Games Inc. issued 366,542 shares of Class A common stock to PlayFast Games, LLC and 488,722 shares of Class A common stock to Ascend FS, Inc. in connection with the merger of 704Games Company with and into 704Games LLC.

11M 3.5M
Mar 24, 2021

10-K filing | 10.8M shares outstanding

11M 3.5M
Mar 15, 2021

8-K filing: Motorsport Games Inc. will acquire 41,204 shares of 704Games common stock from Ascend FS, Inc. in exchange for 488,722 newly issued shares of Motorsport Games Inc. Class A common stock and cash. ($14.6M proceeds)

7M 3.5M
Mar 12, 2021

8-K filing: Motorsport Games Inc. entered into a share exchange agreement with PlayFast Games, LLC to acquire 30,903 restricted shares of 704Games common stock in exchange for 366,541 newly issued shares of Motorsport Games Inc. Class A common stock and cash. ($10.75M proceeds)

7M 3.5M
Feb 18, 2021

8-K filing: Motorsport Games Inc. is facing a complaint filed by former minority stockholders of 704Games, alleging misrepresentations and omissions concerning 704Games' financial condition in connection with a stock sale in August 2020.

7M 3.5M
Jan 12, 2021

S-1/A filing: This S-1/A filing is for an initial public offering of Class A common stock of Motorsport Games Inc., with a proposed offering of 3,000,000 shares and an anticipated initial public offering price between $19.00 and $20.00 per share, plus an option for the underwriters to purchase an additional 450,000 shares of Class A common stock.

7M 3.5M
Jan 11, 2021

S-1/A filing: This S-1/A filing pertains to an initial public offering of Class A common stock by Motorsport Games Inc., with an anticipated offering price between $19.00 and $20.00 per share.

7M 3.5M
Jan 06, 2021

S-1/A filing: This is an initial public offering of shares of Class A common stock of Motorsport Games Inc.

7M 2.7M
Dec 31, 2020

S-1/A filing: Initial public offering of Class A common stock of Motorsport Games Inc.

N/A 0
Dec 18, 2020

S-1 filing: This is an S-1 filing for an initial public offering of Class A common stock of Motorsport Games Inc.

N/A 0
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