Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 162

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 162
---
 GameSquare will be required to meet the continued listing requirement for market value of publicly
held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Nasdaq Minimum Bid Price
Requirement and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period.
If GameSquare does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, Nasdaq
will notify GameSquare of its determination to delist the Common Stock, at which point GameSquare would have an opportunity to appeal
the delisting determination to a hearings panel.

GameSquare
will continue to monitor the bid price of the Common Stock and consider its available options to regain compliance with the Nasdaq Minimum
Bid Price Requirement. However, there can be no assurance that GameSquare will be able to regain compliance with the Nasdaq Minimum Bid
Price Requirement.

July
9, 2025 Offering

On July 8, 2025, the Company entered into an underwriting agreement (the
“July 8 Underwriting Agreement”) with Lucid Capital Markets, LLC (the “Underwriter”) pursuant to which the Company
issued and sold to the Underwriter pursuant to the July 8 Underwriting Agreement 4,692,866 shares of common stock, par value $0.0001 per
share and 3,728,188 pre-funded warrants (each representing the right to purchase one Share of Common Stock at an exercise price of $0.0001,
the “Pre-Funded Warrant”) to purchase shares of Common Stock, at an offering price of $0.95 per Share (or $0.9499 per Pre-Funded
Warrant), and grant to the Underwriter an option for the issuance and sales of up to 1,263,157 additional Shares or Pre-Funded Warrants
(the “July 8 Option”) to be sold by the Company (the “July 8 Offering”). The July 8 Offering closed on July 9,
2025. The aggregate gross proceeds to the Company from the July 8 Offering were approximately $8.56 million, after deducting an underwriting
discount of 7% of the price to the public, but before deducting expenses payable by the Company in connection with the July 8 Offering.
Pursuant to the July 8 Underwriting Agreement we also agreed to issue the Underwriter’s common stock purchase warrants (the “July
8 Representative’s Warrant