Company: GAME
Filing Date: 2025-07-16
Form Type: 424B5
Source: 0001641172-25-019931
Chunk: 33

Company: GameSquare Holdings, Inc.
Filing Date: 2025-07-16
Form: 424B5
Chunk 33
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2) we will not effect or enter into an agreement to effect any issuance of Common Stock or any Common stock equivalents involving a variable rate transaction including, among other things, an “at-the-market offering” agreement whereby we may issue securities at a future determined price regardless of whether shares pursuant to such agreement have actually been issued and regardless of whether such agreement is subsequently canceled.

Right of First Refusal

We have agreed that, for a period of 12 months from the end of the engagement term with Lucid, should we require the services of an investment banker, financial advisor, or other similar professional in connection with a fairness opinion, valuation, recapitalization, capital raising, sale, business combination, or similar transaction, Company will negotiate in good faith with Lucid regarding Lucid’s provision of such services, we will grant Lucid a right of first refusal to act in such capacity to us or any successor to or any subsidiary of ours during such 12-month period.

Tail Fee

In the event that we sell securities to any investor whom Lucid had contacted in writing or introduced to us during the term of its engagement, within the 6 months following the earlier of the expiration of the engagement of Lucid, subject to certain conditions and exceptions, we will pay Lucid the cash compensation provided above, calculated in the same manner.

Underwriter Warrants

Upon closing of this Offering, we have agreed to issue to the Lucid or their designees Underwriter’s Warrants to purchase such number of Common Shares equal to 10% of the aggregate number of Shares (and shares underlying the Pre-Funded Warrants) sold in this Offering. The Underwriter’s Warrants will be exercisable at price equal to 120% of the Offering Price Share sold in this Offering. The Underwriter’s Warrants are exercisable immediately upon issuance for five (5) years from the date of the commencement of sales in this Offering.

Other Relationships

In the ordinary course of their business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers. Such investments and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in such