Company: GAME
Filing Date: 2025-06-27
Form Type: 424B5
Source: 0001641172-25-016943
Chunk: 34

Company: GameSquare Holdings, Inc.
Filing Date: 2025-06-27
Form: 424B5
Chunk 34
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 governmental charge payable in connection with a transfer or exchange.

You may effect the transfer of certificated debt securities and the right to receive the principal of, and premium and interest on certificated debt securities only by surrendering the certificate representing those certificated debt securities and either reissuance by us or the trustee of the certificate to the new holder or the issuance by us or the trustee of a new certificate to the new holder.

Global Debt Securities and Book-Entry System

Each global debt security representing book-entry debt securities will be deposited with, or on behalf of, the depositary, and registered in the name of the depositary or a nominee of the depositary.

Covenants

We will set forth in the applicable prospectus supplement any restrictive covenants applicable to any issue of debt securities.

Consolidation, Merger and Sale of Assets

We may not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of our properties and assets to any person, which we refer to as a successor person, unless:

| ● | we                                                                                            
 are the surviving corporation or the successor person (if other than us) is a corporation     
 organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly 
 assumes our obligations on the debt securities and under the indenture; and                   |
| ● | immediately                                                                                   
 after giving effect to the transaction, no Default or Event of Default, shall have occurred   
 and be continuing.                                                                            |

Notwithstanding the above, any of our subsidiaries may consolidate with, merge into or transfer all or part of its assets or properties to us.

Events of Default

“Event of Default” means with respect to any series of debt securities, any of the following:

| ● | default                                                                                           
 in the payment of any interest upon any debt security of that series when it becomes due          
 and payable, and continuance of such default for a period of 30 days (unless the entire amount    
 of the payment is deposited by us with the trustee or with a paying agent prior to the expiration 
 of the 30-day period);                                                                            |

| 14 |

| ● | default                                                                                             
 in the payment of principal of any security of that series at its maturity;                         |
| ● | default                                                                                             
 in the performance or breach of any other covenant or warranty by us in the indenture (other        
 than a covenant or warranty that has been included in the indenture solely for the benefit          
 of a series of debt securities other than that