Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 62

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 years of historical data with minute-level granularity from 20 platforms, Stream Hatchet provides
stakeholders in the live-streaming industry with powerful insights to drive innovation and growth. Stream Hatchet partners with a diverse
clientele - from video game publishers and marketing agencies to esports organizers and teams - who rely on the company’s cutting-edge
data analytics to optimize their marketing strategies, secure lucrative sponsorships, enhance esports performance, and build successful
tournaments.

Recent
Developments

Click
Equity Purchase Agreement

On
September 10, 2025, GameSquare, entered into an Equity Purchase Agreement (the “Click Purchase Agreement”) with
Click Management Pty Ltd, an Australian proprietary limited company (the “Click”),
pursuant to which, among other things, GameSquare acquired all of the outstanding equity
interests in Click, subject to the terms and conditions in the Click Purchase Agreement (the “Click Transaction”). The
Click Transaction closed on September 11, 2025.

Under the terms of the Click Purchase Agreement, the Company paid a base
purchase price of $4,500,000 subject to customary adjustments for cash, net working capital, indebtedness and transaction expenses. The
sellers will also receive, subject to the terms and conditions described in the Click Purchase Agreement: (i) a deferred cash payment
of $4,000,000 within sixty (60) days following December 31, 2025; and (ii) up to an aggregate of $3,000,000 in cash earn-out payments
based on the post-closing performance of Click and its wholly owned subsidiary, Click Media & Management LLC, a Delaware limited liability
company (“Click Media”) and together with Click, collectively, the “Click Group”). Specifically, (a) up to $1,500,000
may be payable based on the Click Group’s EBITDA for the 12-month period beginning January 1, 2026, if Actual EBITDA for such period
falls within specified target ranges set forth in the Purchase Agreement, and (b) up to an additional $1,500,000 may be payable based
on the Click Group’s EBITDA for the 12-month period beginning January 1, 2027, if Actual EBITDA for such period falls within specified
target ranges set forth in the Purchase Agreement.

Nasdaq
bid price requirement 

On
September 10, 2025, GameSquare received a letter (the “Minimum