Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 139

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 common shares from the exercise of Restricted Share Units (“RSUs”)
under its equity incentive plan (see Note 13(b)).

On
March 7, 2024, 10,132,884 common shares of the Company were issued for the completion of the Merger (see Note 4).

In
conjunction with the Merger, on March 7, 2024, the Company completed a private placement in public equity financing (the “PIPE
Financing”) with certain investors in which the Company offered 7,194,244 units at a purchase price of $1.39 per unit for aggregate
gross proceeds of $10.0 million. Each unit consisted of one share of the Company’s common stock and a warrant to purchase 0.15
shares of the Company’s common stock. As a result, the Company issued an aggregate of 7,194,224 common shares of the Company and
warrants to purchase up to 1,079,136 shares of the Company pursuant to the PIPE Financing. Each warrant has an exercise price of $1.55
per share and expire on March 7, 2029 (see Note 14).

On
August 26, 2024, 103,594 common shares were issued in connection with conversion of $100 thousand in principal under the Yorkville CD
with a fair value of $108 thousand.

On
September 4, 2024, 80,000 common shares were issued in settlement of outstanding amounts payable of $0.1 million to Yorkville (first
half of the SEPA commitment fee).

During
the nine months ended September 30, 2024, the Company issued 1,086,559 common shares from the exercise of Restricted Share Units (“RSUs”)
under its equity incentive plan (see Note 13(b)).

(c)
Activity for the periods presented – preferred shares

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 preferred stock, in consideration for Crypto Punk 5577, an NFT with a fair value
of $5.15 million. The issuance was accounted for as a nonmonetary exchange and the preferred stock was recorded at the fair value of
the preferred shares issued.

12.
Net loss per share

As
the Company incurred a net loss for the three and nine