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- Shares of Motorsport Games (NASDAQ:MSGM) rose in pre-market trade on Thursday as the racing game developer regained compliance with the continued listing requirements of the NASDAQ Stock Market.
- Motorsport Games (MSGM) climbed +21.45% pre-market to $2.83.
- “The company is pushing ahead with its plans to focus on creating shareholder value, with our 2022 Restructuring Plan having saved the business $6.7m in annualised costs,” Stephen Hood, CEO of Motorsport Games (MSGM) said in a statement on Wednesday.
- “Having reduced excess headcount and closed several unsustainable or unprofitable ventures, the business is focusing on its near-term opportunities to drive revenue,” Hood added.
- Source: Press Release