Motorsport Games Inc. (MSGM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
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
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 |