Company: GAME
Filing Date: 2025-06-27
Form Type: 424B5
Source: 0001641172-25-016943
Chunk: 1

Company: GameSquare Holdings, Inc.
Filing Date: 2025-06-27
Form: 424B5
Chunk 1
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 25, 2025, the aggregate market value of our outstanding common stock held by non-affiliates (“ Public Float”) was approximately $27.8 million based on 39,123,968 shares of outstanding common stock as of June 25, 2025, of which 9,904,523 shares were held by our affiliates, and a price of $0.95 per share on June 9, 2025, which was the highest closing sale price of our common stock on NASDAQ during the preceding sixty day period. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the prior 12 calendar month period that ends on and includes the date of this prospectus supplement. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities registered on the registration statement of which this prospectus supplement is a part in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our Public Float remains below $75.0 million.

Investing in our securities involves a high degree of risk. See“ Risk Factors” section beginning on page S-8 of this prospectus supplement and any other risk factors contained in any applicable prospectus supplement and in the documents incorporated by reference herein and therein.

NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION OR REGULATOR HAS APPROVED OR DISAPPROVED THE OFFERED SHARES, NOR PASSED UPON THE ADEQUACY OR ACCURACY OF THE PROSPECTUS OR THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.

<div align='center'>ThinkEquity

The date of this prospectus supplement is June 27, 2025.</div>

<div align='center'>TABLE OF CONTENTS OF THE PROSPECTUS SUPPLEMENT</div>

|                                                       | Page |
| ABOUT THIS PROSPECTUS SUPPLEMENT                      | S-1  |
| FORWARD-LOOKING INFORMATION                           | S-2  |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE     | S-4  |
| MARKET AND INDUSTRY DATA                              | S-5  |
| DOCUMENTS FILED AS PART OF THE REGISTRATION STATEMENT | S-5  |
| AVAILABLE INFORMATION                                 | S-6  |
| SUMMARY OF THE OFFERING                               | S-6  |
| THE COMPANY                                           |