Motorsport Games Entire Board Of Directors Have Resigned

https://twitter.com/Roland_OTR/status/1592286465685598208?s=20&t=fITsjKF3dXgelXjgVQ6BNg A recent SEC filing and an internal letter to workers states that the entire board of directors at Motorsport Games have resigned due to financial problems. All of the board members left reportedly due to disagreements about the company’s funding strategy. In an email obtained by Insider Gaming, Motorsport Games CEO Dmitry Kozko warned staff that the board’s departure puts the company “in a non-compliant situation with NASDAQ,” but that the company has 45 days to propose a plan for how it can become compliant again, with the option of getting another 180 days. Now the question arises, what’s next in store for the company? Well, they have 30 days to find a new board of directors and 500,000 publicly tradeable shares to meet NASDAQ‘s auditing standards for listing. Motorsport Games has reportedly lost a lot of people in the past few of months, based on information provided by current and former employees. Some of whom had crucial roles in the development of their games.