Core Insights - NACON showcased 9 upcoming games and accessories during the 8th Bigben Week held in Paris from May 19, 2025, providing an exclusive preview to journalists and international partners [3][4][5]. Game Previews - "Hell is Us," an action-adventure game by Rogue Factor, will be released on September 4, 2025, for PlayStation®5, Xbox Series X|S, and PC, featuring a unique design philosophy that emphasizes player exploration without maps or quest markers [5]. - "Robocop: Rogue City - Unfinished Business," a standalone sequel to the 2023 title, is set to launch on July 17, 2025, allowing players to experience new gameplay elements and play as Alex Murphy for the first time [6]. - "Edge of Memories," a JRPG developed by Midgar Studio, will be available in autumn 2025 on multiple platforms, featuring a dynamic combat system and collaboration with renowned artists [7]. - "Architect Life," NACON's first architectural simulation game, will be released on June 19, 2025, allowing players to design and build homes in both career and free modes [9]. - The new editions of "Tour de France 2025" and "Pro Cycling Manager 25," both adopting Unreal Engine 5, will be available on June 5, 2025, introducing new features like a sponsor system and refueling mechanics [10]. Sim Racing Innovations - NACON's Racing Division unveiled new accessories for sim racing, including a hybrid gearbox and load cell handbrake, enhancing the REVOSIM ecosystem [12][14]. - Two new sim racing titles were announced: "Endurance Motorsport Series," focusing on team strategy and race management, and "RENNSPORT," designed for e-sports with realistic driving physics, both set for release in autumn and September 2025, respectively [15][16]. Accessories and Product Launches - NACON celebrated 10 years of gaming accessories, showcasing flagship models that highlight the brand's expertise [17]. - The "Revolution X Unlimited," a high-end wireless controller, was released on April 23, 2025, designed for precision and comfort for action game enthusiasts [18]. - New colorful versions of the RIG gaming headsets were introduced, expanding the product line with unique designs [19]. - Anticipating the Nintendo Switch 2, NACON presented protective accessories to ensure console safety upon release [20]. Company Overview - NACON, part of the BIGBEN group, was established in 2019, focusing on optimizing expertise in the video game market with 16 development studios and a strong emphasis on innovation and competitive advantages [22].

Core Viewpoint - Motorsport Games Inc. is announcing a private placement offering for gross proceeds of approximately $2.5 million, aimed at improving its cash position and funding future product development, in partnership with Pimax Innovation Inc. [1][3][4] Group 1: Investment Details - The private placement offering is expected to close with gross proceeds of $2.4 million from most investors on April 11, 2025, with the remaining $100,000 expected to close on April 15, 2025 [2] - The purchase price for one share of Class A common stock was set at $1.10, while the pre-funded warrant was priced at $1.0999 per share, representing a premium of approximately 33% over the closing price as of April 10, 2025 [2] Group 2: Strategic Implications - The investment is anticipated to enhance the Company's cash position, fund working capital, and support general corporate expenses, while also aiding in compliance with Nasdaq's minimum stockholders' equity requirement [3] - The Purchase Agreement allows purchasers holding at least 50.1% interest to appoint a Class II director to the Company's board and a member of the management team, subject to board approval [3] Group 3: Leadership Statements - The CEO of Motorsport Games expressed satisfaction with the investment from Pimax, highlighting the potential synergies between the two companies in the VR gaming market [4] - Pimax's founder emphasized the importance of sim racing players in their community and the goal of enhancing user experience through tailored VR solutions [4] Group 4: Company Background - Motorsport Games is a developer and publisher of racing games, known for its simulation titles and esports ecosystem, including the recently released Le Mans Ultimate [6] - The Company is officially licensed for major motorsport series and aims to create a virtual racing ecosystem that engages fans and gamers [6]

Core Viewpoint - Motorsport Games Inc. is announcing a private placement offering to raise approximately $2.5 million, aimed at improving its cash position and funding future product development, in partnership with Pimax Innovation Inc. [1][3][4] Group 1: Private Placement Details - The private placement offering is expected to generate gross proceeds of approximately $2.5 million, with $2.4 million already closed on April 11, 2025, and the remaining $100,000 expected to close on April 15, 2025 [2][3]. - The offering includes 1,894,892 shares of Class A common stock at a purchase price of $1.10 per share and a pre-funded warrant to purchase up to 377,836 shares at an exercise price of $0.0001 per share, representing a premium of approximately 33% over the closing price as of April 10, 2025 [2][4]. Group 2: Strategic Implications - The investment is intended to enhance the company's cash position, fund working capital, and support general corporate expenses, while also aiding in compliance with Nasdaq's minimum stockholders' equity requirement [3]. - The Purchase Agreement allows investors holding at least 50.1% interest to appoint a Class II director to the board and an individual to the management team, subject to board approval [3]. Group 3: Partnership with Pimax - The partnership with Pimax is expected to create synergies, particularly in the realm of virtual reality gaming, enhancing the user experience for sim racing players [4]. - Both companies aim to leverage their strengths, with Motorsport Games focusing on realistic racing simulations and Pimax on high-end VR technology, to drive innovation in the growing market of immersive gaming [4][6].

Financial Data and Key Metrics Changes - Revenues for Q4 2024 were $2.0 million, an increase of $0.3 million or 13% compared to the same period in the prior year, driven by higher digital game sales from the release of Le Mans Ultimate [27] - Net loss for Q4 2024 was $2.9 million, a decrease of $5.6 million compared to net income of $2.7 million for the same period in the prior year [28] - Full year 2024 revenues were $8.7 million, up $1.8 million compared to the prior year, primarily due to $3.0 million in digital game and downloadable content sales [30] - Net loss for 2024 was $3.0 million, an improvement from $14.3 million in 2023 [30] - Adjusted EBITDA loss for 2024 was $3.9 million, an improvement from $9.3 million in 2023 [31] Business Line Data and Key Metrics Changes - Le Mans Ultimate has shown significant player engagement and sales growth, with updates leading to spikes in player numbers and sales [10][13] - The introduction of downloadable content (DLC) has driven uptake, with the 2024 Pack 3 being the most successful to date [21] Market Data and Key Metrics Changes - The subscription service launched in December generated over $120,000 in gross revenues within the first 21 days, with nearly 6,000 active subscribers [18][19] - Player retention is improving, indicating users are engaging longer with the product [14] Company Strategy and Development Direction - The company is focused on balancing cost reductions with product quality improvements, aiming to reconnect with players and enhance brand perception [8][12] - There are ongoing discussions with potential investors and partners for future projects, including console ports [17] - The company is exploring additional funding options and strategic alternatives to address liquidity concerns [33] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced but emphasizes a commitment to improving product quality and player engagement [9][10] - The company believes the racing market is underserved and sees potential for growth by investing in opportunities [16] - Management expresses confidence in the company's revitalized position and future growth prospects [36] Other Important Information - A settlement with Luminis improved the financial position by $180,000 and cleared barriers to full ownership of Studio 397 [24] - A positive ruling in litigation with Innovate Corporation could alleviate some legal fee liabilities [25] Summary of Q&A Session - There were no questions during the Q&A session, and the call concluded without formal inquiries [38]