Motorsport Games announced that the board of directors has authorized management to consider strategic alternatives to maximize shareholder value, including a potential sale or merger of the company. Management is also seeking funding that would allow it to deliver on viable opportunities including bringing Le Mans Ultimate to Sony PlayStation and Microsoft Xbox gaming consoles. Le Mans Ultimate is the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans and was released on PC platforms in early access in February 2024. Furthermore, the company has undergone a restructuring including headcount reductions that have been undertaken in its business as part of an ongoing initiative to reduce cash expenditure and further improve efficiency. As part of the restructuring, the company determined to implement additional measures to continue to bring down its year-over-year operating expense through a reduction of the company’s workforce primarily in the United States and the United Kingdom.
