Company: GAME
Filing Date: 2025-07-18
Form Type: 424B5
Source: 0001641172-25-020129
Chunk: 14

Company: GameSquare Holdings, Inc.
Filing Date: 2025-07-18
Form: 424B5
Chunk 14
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 new strategic partnership with Dialectic and the addition of Ryan
Zurrer and Rhydon Lee to the Company’s advisory committee. As part of the initiative, the Company is launching a dedicated Ethereum-native
treasury strategy designed to generate high-yield returns using Dialectic’s proprietary risk-controlled compounding infrastructure. GameSquare
and Dialectic intend to launch an ETH-focused yield generation strategy built on top of Dialectic’s proprietary platform Medici, which
applies machine learning models, automated optimization, and multi-layered risk controls to generate best-in-class risk-adjusted returns.
Targeted yields of 8-14% significantly exceed the current ETH staking benchmarks of 3-4%. GameSquare’s new Ethereum focused treasury vehicle
may also incorporate additional yield generating strategies across the Ethereum ecosystem, potentially utilizing assets such as stablecoins
and non-fungible tokens to diversify and amplify returns. Once fully implemented, GameSquare expects to allocate capital generated from
this strategy to support additional ETH asset purchases, fund a potential share repurchase program or reinvest in the Company’s growth
initiatives. GameSquare expects its ETH treasury management, and broader crypto growth strategies to develop over the next several months.

Recent Developments

Offering

On July 8, 2025, the Company
entered into an underwriting agreement (the “Underwriting Agreement”) with Lucid Capital Markets, LLC (the “Underwriter”)
pursuant to which the Company will issue and sell to the Underwriter pursuant to the Underwriting Agreement 4,692,866 shares (the “Shares”)
of common stock, par value $0.0001 per share (the “Common Stock”) and 3,728,188 pre-funded warrants (each representing the
right to purchase one Share of Common Stock at an exercise price of $0.0001, the “Pre-Funded Warrant”) to purchase shares
of Common Stock, at an offering price of $0.95 per Share (or $0.9499 per Pre-Funded Warrant), and grant to the Underwriter an option for
the issuance and sales of up to 1,263,157 additional Shares or Pre-Funded Warrants (the “Option”) to be sold by the Company
(the “Offering”). The Offering closed on July 9, 2025. The aggregate gross proceeds to the Company from the Offering will
be approximately $8.56 million, after deducting an underwriting discount of