Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 40

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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500,000 additional
Shares at the offering price of $1.50 per Share.

The
Offering closed on July 18, 2025. The aggregate gross proceeds to the Company from the Offering were approximately $75.3 million, before
deducting an underwriting discount of 7% of the price to the public and expenses payable by the Company in connection with the Offering.
Pursuant to the Underwriting Agreement the Company also agreed to issue the Underwriter’s common stock purchase warrants (the “Representative’s
Warrant”) to purchase up to 10% of the securities sold in the Offering at an exercise price of $1.80 (Note 14).

On
August 11, 2025, the Company issued 153,846 common shares to Alta Partners as part of a legal settlement.

On
August 20, 2025, the Company cancelled 846,398 common shares originally issued in connection with the acquisition of Faze Clan. The common
shares did not meeting vesting criteria as of the acquisition date of March 7, 2024, and were subject to cancellation on that date.

During
the nine months ended September 30, 2025, the Company issued 160,973 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