 MIAMI, Jan. 15, 2021 GLOBE NEWSWIRE -- Motorsport Games Inc. Motorsport Games, a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced the closing of its initial public offering of 3,450,000 shares of its Class A common stock. The offering consisted of 3,000,000 shares of its Class A common stock, as well as an additional 450,000 shares of Class A common stock pursuant to the exercise in full of the underwriters option to purchase additional shares of Class A Common Stock from Motorsport Games, at a public offering price of 20.00 per share. The gross proceeds from the offering to Motorsport Games, before deducting underwriting discounts and commissions and other offering expenses payable by Motorsport Games, were approximately 69.0 million. Motorsport Games Class A common stock is listed on the Nasdaq Capital Market under the ticker symbol MSGM. 