Company: GAME
Filing Date: 2025-04-22
Form Type: 8-K
Source: 0001641172-25-005723
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Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-22
Form: 8-K
Item: Item 8.01
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Item 8.01. Other Events.

In connection with the prior acquisition of FaZe Holdings,
Inc. by the Company, the Company assumed certain indemnification obligations, including financial responsibility for a portion of the
judgement or settlement payment as outlined in the Settlement Agreement described below.

In June 2024, Nathan Carter (“ Plaintiff”),
a purported stockholder of B. Riley Principal 150 Merger Corp. (“ BRPM”), filed an action on behalf of the stockholders of
BRPM in the Court of Chancery for the State of Delaware (the “ Complaint”) entitled Nathan Carter v. B. Riley Securities,
Inc., B. Riley Principal 150 Sponsor Co., LLC, B. Riley Principal Investments, LLC, B. Riley Financial, Inc., Daniel Shribman, Bryant
Riley, Nicholas Hammerschlag, Ross Levinsohn, Samuel McBride, and Timothy Presutti - C. A. No. 2024-0605-KSJM. The Complaint
arises out of a merger between FaZe Clan, Inc. and BRPM. The merged company was renamed FaZe Holdings, Inc. Plaintiff alleges that the
directors, officers, and controllers of BRPM, breached their fiduciary duties to BRPM shareholders by allegedly omitting information from
the offering documents, and that such omissions induced shareholders to forgo redemption of their BRPM shares prior to the merger. BRPM
denies the allegations.

As noted, the Company is required to indemnify certain
of the defendants due to its subsequent acquisition of FaZe Holdings, Inc. The Company, the Plaintiff, and the defendants, recently entered
into a Stipulation and Agreement of Settlement, Compromise and Release on February 13, 2025 (the “ Settlement Agreement”),
which requires approval of the court. In exchange for a release of all claims by Plaintiff and the proposed class from February 23, 2021
to July 13, 2022, BRPM and the Company will each contribute a total of $1,050,000 of cash and Company common stock to resolve the matter.
The settlement hearing will be held on May 13, 2025.

On April 22, 2025, the Company determined
that such date constituted sufficient advance notice to its stockholders of the Settlement
Agreement in the form of this Current Report on Form 8-K, as required by the terms of the Settlement Agreement. The terms and conditions
of the Settlement