Company: GAME
Filing Date: 2025-08-04
Form Type: PRE 14A
Source: 0001641172-25-022056
Chunk: 28

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-04
Form: PRE 14A
Chunk 28
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 The Board also considered the corporate governance trend towards annual election of directors, as well as the view of many corporate governance experts and institutional shareholders that a classified board has the effect of insulating directors from a corporation’s shareholders.

The Board of Directors originally determined that supermajority voting provisions could promote corporate governance stability and help ensure broad stockholder support for certain fundamental corporate actions. While the Board of Directors continues to believe that these are important benefits, the Board also considered that eliminating the supermajority voting requirements may better align our governance with governance practices supported by the investor community, who generally view a majority vote as sufficient for stockholder approval of amendments to governing documents. The Board of Directors has carefully considered the advantages and disadvantages of the supermajority voting provisions in the Certificate of Incorporation and has determined that it is now advisable and in the best interests of the Company and its stockholders to amend the Certificate of Incorporation to eliminate the existing supermajority voting provisions.

The additional authorized shares will be available for issuance from time to time to enable us to respond to future business opportunities requiring the issuance of shares, including stock splits or dividends, the consummation of common stock-based financings, acquisition or strategic transactions involving the issuance of common stock or preferred stock, issuances of common stock or preferred stock under our Omnibus Plan or any new equity compensation plans that we may adopt in the future and issuances of common stock for other general corporate purposes that the Board of Directors may deem advisable.

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Treatment of Common Stock

At and after the effective time of the merger to restate our Certificate of Incorporation, each share of the Company’s common stock issued and outstanding immediately prior to the effective time will remain an issued and outstanding share of common stock of Company and will not be affected by the merger.

Each share of GameSquare Merger Sub 2, Inc. common stock that is issued and outstanding immediately prior to the effective time of the merger will, as a result of the merger, automatically be cancelled and retired for no consideration and will cease to exist.

Vote Required

For the Merger Agreement to become effective it must receive the affirmative vote of at least a majority of the voting power of all outstanding shares of stock of the Company. Broker non-votes and abstentions will have the same effect as votes against the Merger Agreement.

Effect of Not Obtaining the Required Vote for Approval

If the Merger Agreement is not approved by the Company’s stockholders, the merger will not be consummated, and the Company’s Certificate of