Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 163

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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”) to purchase shares of Common Stock equal to up to 10% of the securities sold in the July 8 Offering
at an exercise price of $1.14 per share.

On July 9, 2025, the Underwriter fully exercised its July 8 Option pursuant
to the July 8 Underwriting Agreement and purchased and exercised 1,263,157 Pre-Funded Warrants at a price of $0.9499 per Pre-Funded Warrant
and at an exercise price of $0.0001 per Pre-Funded Warrant. The Underwriter’s exercise of its July 8 Option resulted in additional
gross proceeds to the Company of $1,199,872.83 after deducing the underwriting discount of 7% of the price to the public.

29

July
18, 2025 Offering

On July 17, 2025, the Company entered into an underwriting agreement (the
“July 17 Underwriting Agreement”) with the Underwriter, pursuant to which the Company issued and sold to the Underwriter pursuant
to the July 17 Underwriting Agreement 46,666,667 shares of common stock, par value $0.0001 per share, at an offering price of $1.50 per
Share, and granted to the Underwriter an option for the issuance and sales of up to 7,000,000 additional Shares (the “July 17 Option”)
to be sold by the Company (the “July 17 Offering”). The July 17 Offering closed on July 18, 2025. The aggregate gross proceeds
to the Company from the July 17 Offering were approximately $61.5 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 17 Offering. Pursuant to the July 17 Underwriting
Agreement we also agreed to issue the Underwriter common stock purchase warrants (the “July 17 Representative’s Warrant”)
to purchase shares of Common Stock equal to up to 10% of the securities sold in the July 17 Offering at an exercise price of $1.80 per
share.

On July 18, 2025, the Underwriter partially exercised its July 17 Option
pursuant to the July 17 Underwriting Agreement and purchased 3,500,000 Shares at a price of $1.50 per Share. The Underwriter’s partial