Motorsport Games up after company says considering strategic alternatives, job cuts

Motorsport Games

04/10/2024 22:22

** Shares of Motorsport Games  MSGM.O  jump 11% to $1.6 in
after-hours trading
    ** Company says workforce reduction in the U.S. and the U.K.
to impact 39% of its employees worldwide
    ** Says board has authorized consideration of strategic
alternatives
    ** Receiving inquiries regarding strategic transactions -
company
    ** YTD, stock is down ~53%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))