Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 208

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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 will automatically convert into 1,000 shares of the Common Stock.

Subscription

On
July 24, 2025, the Company entered into a Subscription Agreement with Robert Leshner (“Subscriber”), pursuant to which
Subscriber purchased from the Company 3,433.33 shares of Series A-1 Convertible Preferred Stock of the Company, par value $0.0001 per
share (the “Series A-1 Preferred Stock”), in consideration for that certain Crypto Punk 5577 non-fungible token, which
has been deemed to have a fair market value of $5,149,995.00 (the “Issuance”). Each share of Series A-1 Preferred
Stock was issued at a price of $1,500 per share and automatically converts, at a fixed ratio to 1,000 shares of common stock of the Company,
par value $0.0001 per share, resulting in an effective conversion price of $1.50 per share.

Repurchase
Program

On
August 1, 2025, the Board of Directors of the Company authorized a share repurchase program pursuant to which the Company may purchase
shares of common stock, par value $0.0001 per share up to $5,000,000 worth of Common Stock. Under the repurchase program, GameSquare
may purchase shares of its Common Stock on a discretionary basis from time to time through open market repurchases, in privately negotiated
transactions, or other means, including through Rule 10b5-1 trading plans. The timing and actual number of shares repurchased will be
determined by management depending on a variety of factors, including, among other factors, stock price, trading volume, market conditions
and other general business considerations. The repurchase program has no expiration date and may be modified, suspended, or terminated
at any time. Repurchases under this program will be funded from the Company’s surplus cash and cash equivalents or future cash
flow generated by its Ethereum yield strategy.

Alta
Settlement

On
April 23, 2025, Alta Partners, LLC filed a Complaint against FaZe Holdings, Inc. and GameSquare Holdings, Inc., in the United States
District Court for the Southern District of New York, alleging that in 2022, FaZe Holdings breached a warrant agreement between FaZe
Holdings and Alta. On August 11, 2025, the Company entered into a Settlement and Release Agreement with Alta Partners, LLC, pursuant
to