Company: GAME
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001641172-25-018031
Chunk: 8

Company: GameSquare Holdings, Inc.
Filing Date: 2025-07-07
Form: 424B5
Chunk 8
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, and under similar headings in the documents incorporated by reference herein and therein before       
 investing in the Common Stock.                                                                                                            |
| NASDAQ                                                    
 Symbol                                                    |     | GAME                                                                                                                                      |

| (1) | The                                                                                          
 number of shares of Common Stock to be outstanding after the offering is based on 39,123,968 
 shares of Common Stock outstanding as of July 3, 2025, and excludes the following:           |

| ● | 2,344,594                                                                                  
 shares of Common Stock issuable upon exercise of outstanding options at a weighted average 
 exercise price of $2.47 per share of Common Stock;                                         |

| ● | 416,621                                                                                     
 shares of Common Stock issuable upon exercise of outstanding options at a weighted averaged 
 exercise price of CAD $19.34 per share of Common Stock;                                     |

| ● | 503,042                                                                     
 shares of Common Stock issuable upon the vesting of restricted stock units; |

| ● | 284,091                                                                                  
 shares of shares of Common Stock issuable upon a convertible note, at a $4.40 conversion 
 price;                                                                                   |

| ● | 1,854,551                                                                                 
 shares of Common Stock Issuable upon exercise of warrants at a weighted averaged exercise 
 price of $37.63 per share;                                                                |

| ● | 123,930                                                                                  
 shares of Common Stock Issuable upon exercise of warrants at a weighted average exercise 
 price of CAD $9.68 per share; and                                                        |

| ● | 4,560,537                                                                                    
 shares of Common Stock reserved for future issuance under the GameSquare Holdings, Inc. 2024 
 Stock Incentive Plan.                                                                        |

| S-7 |

<div align='center'>THE COMPANY</div>

Businesses of GameSquare

GameSquare Holdings, Inc. (“ GameSquare,” the “ Company,” “ we,” “ us,” and “ our”) is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture audiences. GameSquare’s end-to-end platform includes Gaming Community Network (“ GCN”), a digital media company focused on gaming and esports audiences, Swingman LLC dba as Zoned, a gaming and lifestyle marketing agency, Code Red Esports Ltd. (“ Code Red”), a UK based esports talent agency, FaZe Holdings Inc. (“ FaZe”), a lifestyle and media platform rooted in gaming and youth culture whose premium brand, talent network, and large audience can be monetized across a