Company: GAME
Filing Date: 2025-07-09
Form Type: 424B5
Source: 0001641172-25-018315
Chunk: 43

Company: GameSquare Holdings, Inc.
Filing Date: 2025-07-09
Form: 424B5
Chunk 43
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 entitled to vote generally in the election of directors, voting together as a single class.

Delaware Anti-Takeover Statute

We are subject to the provisions of Section 203 of the Delaware General Corporation Law regulating corporate takeovers. In general, Section 203 prohibits a publicly-held Delaware corporation from engaging, under certain circumstances, in a business combination with an interested stockholder for a period of three years following the date the person became an interested stockholder unless:

| ● | prior                                                                                     
 to the date of the transaction, the board of directors of the corporation approved either 
 the business combination or the transaction which resulted in the stockholder becoming an 
 interested stockholder;                                                                   |

| 10 |

| ● | upon                                                                                                  
 completion of the transaction that resulted in the stockholder becoming an interested stockholder,    
 the interested stockholder owned at least 85% of the voting stock of the corporation outstanding      
 at the time the transaction commenced, excluding for purposes of determining the voting stock         
 outstanding, but not for determining the outstanding voting stock owned by the interested             
 stockholder, (i) shares owned by persons who are directors and also officers, and (ii) shares         
 owned by employee stock plans in which employee participants do not have the right to determine       
 confidentially whether shares held subject to the plan will be tendered in a tender or exchange       
 offer; or                                                                                             |
| ● | at                                                                                                    
 or subsequent to the date of the transaction, the business combination is approved by the             
 board of directors of the corporation and authorized at an annual or special meeting of stockholders, 
 and not by written consent, by the affirmative vote of at least 66-2/3% of the outstanding            
 voting stock which is not owned by the interested stockholder.                                        |

Generally, a business combination includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. An interested stockholder is a person who, together with affiliates and associates, owns 15% or more of a corporation’s outstanding voting stock or is an affiliate or associate of a corporation and was the owner of 15% or more of the corporation’s outstanding voting stock within three years prior to the determination of interested stockholder status.

Choice of Forum

Our bylaws provide that unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall, to the fullest extent permitted by law, be the sole and exclusive forum for (a) any derivative action or