Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 14 2022 - 5:35PM
Edgar (US Regulatory)
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OMB
APPROVAL |
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING |
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OMB
Number: 3235-0058
Expires:
April 30, 2025
Estimated
average burden
hours
per response ............ 2.50 |
SEC
FILE NUMBER
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CUSIP
NUMBER
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(Check
one): |
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☐
Form 10-K |
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Form 20-F |
☐
Form 11-K |
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Form 10-Q |
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Form 10-D |
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☐ Form
N-CEN |
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Form N-CSR |
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For Period Ended: |
September 30, 2022 |
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☐Transition Report on Form 10-K |
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☐Transition Report on Form 20-F |
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☐Transition Report on Form 11-K |
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☐ Transition Report on Form 10-Q |
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For the Transition Period Ended: |
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Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein. |
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
Motorsport
Games Inc. |
Full
Name of Registrant |
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N/A |
Former
Name if Applicable |
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5972
NE 4th Avenue |
Address
of Principal Executive Office (Street and Number) |
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Miami,
Florida 33137 |
City,
State and Zip Code |
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
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(a) |
The
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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(b) |
The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report
or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the
fifth calendar day following the prescribed due date; and |
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(c) |
The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
SEC
1344 (06-19) |
Persons
who are to respond to the collection of information contained in this form are not required to respond unless the form displays a
currently valid OMB control number. |
PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
In
light of the Registrant’s recent changes to the composition of the Audit Committee of the Board of Directors of the Registrant
(the “Audit Committee”), as reported in the Registrant’s Current Report on Form 8-K filed by the Registrant with the
United States Securities and Exchange Commission on November 14, 2022, the new member of the Audit Committee will not be able to finish
his review of the Quarterly Report on Form 10-Q for the fiscal period ended September 30, 2022 within the prescribed time period, without
unreasonable effort or expense. The Registrant fully expects to be able to file such Form 10-Q no later than five calendar days after
its original prescribed due date
PART
IV — OTHER INFORMATION
(1) |
Name
and telephone number of person to contact in regard to this notification |
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Dmitry
Kozko |
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305 |
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507-8799 |
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(Name) |
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(Area
Code) |
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(Telephone
Number) |
(2) |
Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s)
been filed? If answer is no, identify report(s). |
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Yes
☒ No☐ |
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(3) |
Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or portion thereof? |
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Yes
☒ No☐ |
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If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
For
the quarter ended September 30, 2022, the Registrant expects to report (i) revenues of $1.2 million, as compared to $2.1 million
for the quarter ended September 30, 2022 and (ii) net loss was $7.5 million, as compared to the quarter ended September 30, 2021
net loss of $6.7 million.
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Motorsport
Games Inc.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: |
November
14, 2022 |
By: |
/s/
Dmitry Kozko |
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Name:
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Dmitry
Kozko |
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Title: |
Chief
Executive Officer and Interim Chief Financial Officer |
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