Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 1020

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1020
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 at any time on or after December 31, 2025, or upon an event of default or certain change of control events,
the Gigamoon CD can be converted into either (i) GameSquare common stock at a conversion price of $2.50 per common share or (ii) exchanged
for the 5,725,000 shares of Series A-1 Preferred Stock of Faze Media Inc. held by the Company.

Standby
Equity Purchase Agreement

On
July 8, 2024, the Company entered into the Standby Equity Purchase Agreement (“SEPA”) with YA II PN, LTD, a Cayman Islands
exempt limited partnership (“Yorkville”), pursuant to which the Company has the right to sell to Yorkville up to $20.0 million
of its shares of common stock, par value $0.0001 per share (“Common Stock”), subject to certain limitations and conditions
set forth in the SEPA, from time to time during the term of the SEPA. Sales of the shares of Common Stock to Yorkville under the SEPA,
and the timing of any such sales, are at the Company’s option, and the Company is under no obligation to sell any shares of Common
Stock to Yorkville under the SEPA except in connection with notices that may be submitted by Yorkville, in certain circumstances as described
below.

Each
advance (each, an “Advance”) the Company requests in writing to Yorkville under the SEPA (notice of such request, an “Advance
Notice”) may be for a number of shares of Common Stock up to the greater of (i) 500,000 shares or (ii) such amount as is equal
to 100% of the average daily volume traded of the Common Stock during the five trading days immediately prior to the date the Company
requests each Advance; The shares of Common Stock purchased pursuant to an Advance delivered by the Company will be purchased at a price
equal to 97% of the lowest daily VWAP of the shares of Common Stock during the three consecutive trading days commencing on the date
of the delivery of the Advance Notice, other than the daily VWAP on a day in which the daily VWAP is less than a minimum acceptable price
as stated by the Company in the Advance Notice or there is no VWAP on the subject trading day. The Company may establish a minimum acceptable
price in each Advance Notice below which the Company will not be obligated to make any sales to Yorkville. “V