Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 138

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 Warrants at a price of $0.9499 per Pre-Funded Warrant and at an exercise price of $0.0001
per Pre-Funded Warrant.

The
Offering closed on July 9, 2025. The aggregate gross proceeds to the Company from the Offering were approximately $9.7 million, before
deducting an underwriting discount of 7% of the price to the public and expenses payable by the Company in connection with the Offering.
Pursuant to the Underwriting Agreement the Company also agreed to issue the Underwriter’s common stock purchase warrants (the “Representative’s
Warrant”) to purchase up to 10% of the securities sold in the Offering at an exercise price of $1.14 (Note 14).

    19

On
July 17, 2025, the Company entered into an underwriting agreement with the Underwriter pursuant to which the Company will issue and sell
to the Underwriter pursuant to the Underwriting Agreement 46,666,667 shares of common stock, par value $0.0001 per share, at an offering
price of $1.50 per Share. The Underwriter also exercised its option pursuant to the Underwriting Agreement and purchased 3,500,000 additional
Shares at the offering price of $1.50 per Share.

The
Offering closed on July 18, 2025. The aggregate gross proceeds to the Company from the Offering were approximately $75.3 million, before
deducting an underwriting discount of 7% of the price to the public and expenses payable by the Company in connection with the Offering.
Pursuant to the Underwriting Agreement the Company also agreed to issue the Underwriter’s common stock purchase warrants (the “Representative’s
Warrant”) to purchase up to 10% of the securities sold in the Offering at an exercise price of $1.80 (Note 14).

On
August 11, 2025, the Company issued 153,846 common shares to Alta Partners as part of a legal settlement.

On
August 20, 2025, the Company cancelled 846,398 common shares originally issued in connection with the acquisition of Faze Clan. The common
shares did not meeting vesting criteria as of the acquisition date of March 7, 2024, and were subject to cancellation on that date.

During
the nine months ended September 30, 2025, the Company issued 160,973