Company: GAME
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001641172-25-018031
Chunk: 1

Company: GameSquare Holdings, Inc.
Filing Date: 2025-07-07
Form: 424B5
Chunk 1
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 $27.8 million based on 39,123,968 shares of outstanding Common Stock as of July 3, 2025, of which 9,904,523 shares were held by our affiliates, and a price of $0.95 per share on June 9, 2025, which was the highest closing sale price of our Common Stock on NASDAQ during the preceding sixty day period. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the prior 12 calendar month period that ends on and includes the date of this Prospectus Supplement. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities registered on the registration statement of which this Prospectus Supplement is a part in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our Public Float remains below $75.0 million.

Investing in our securities involves a high degree of risk. See“ Risk Factors” section beginning on page S-9 of this prospectus supplement and any other risk factors contained in any applicable prospectus supplement and in the documents incorporated by reference herein and therein.

NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) NOR ANY STATE SECURITIES COMMISSION OR REGULATOR HAS APPROVED OR DISAPPROVED THESE SECURITIES, NOR PASSED UPON THE ADEQUACY OR ACCURACY OF THE PROSPECTUS OR THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.

|                                           |     | Per   
 Share |     | Per Pre-Funded 
 Warrant        |     | Total                 
 Without               
 Over-Allotment Option |     | With                  
 Over Allotment Option |
|:------------------------------------------|:----|:------|:----|:---------------|:----|:----------------------|:----|:----------------------|
| Public offering price                     |     | $     |     | $              |     | $                     |     | $                     |
| Underwriting discounts and commissions(1) |     | $     |     | $              |     | $                     |     | $                     |
| Proceeds to GameSquare, before expenses   |     | $     |     | $              |     | $                     |     | $                     |

| (1) | Includes                                                                       
 an underwriting discount of 7.0