Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 12

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
 promissory note receivable 
     -  
     1,706,797 
  
    Disposal of Complexity in exchange for promissory note receivable 
     -  
     7,125,628 
  
    Shares, options, and warrants issued for acquisition of FaZe 
     -  
     14,587,000 
  
    Conversion of convertible debt 
     3,992,238  
     - 
  
    Shares issued to settle legal and other amounts payable 
     2,078,211  
     - 

Reconciliation
of cash and restricted cash:

    September 30 2025  
    December 31, 2024 
  
    Cash 
    $6,012,219  
    $12,094,950 
  
    Restricted cash 
     1,475,593  
     1,054,030 
  
    Cash and restricted cash shown in the consolidated statements of cash flows 
    $7,487,812  
    $13,148,980 

5

GAMESQUARE
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1.
Corporate information and going concern

(a)
Corporate information

GameSquare
Holdings, Inc. (NASDAQ: GAME)(formerly Engine Gaming & Media, Inc.) (“GameSquare” or the “Company”) is a
corporation existing under the laws of the State of Delaware as of March 7, 2024 (and was a corporation existing under the Business Corporations
Act (Province of British Columbia) prior to March 7, 2024). The registered head office of the Company is 6775 Cowboys Way, Ste. 1335,
Frisco, Texas, USA, 75034.

GameSquare,
completed its acquisition of Click Management Pty Ltd, an Australian proprietary limited company (“Click”) on September 11,
2025, resulting in the Company acquiring all the issued and outstanding securities of Click (see Note 4).

GameSquare,
completed its Plan of Merger (the “Merger”) with FaZe Holdings, Inc. (“FaZe”) on March 7, 2024, resulting in
the Company acquiring all the issued and outstanding securities of FaZe (see Note 4).

GameSquare
is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and