Company: GAME
Filing Date: 2025-09-11
Form Type: 8-K
Source: 0001641172-25-027096
Chunk: 0

Company: GameSquare Holdings, Inc.
Filing Date: 2025-09-11
Form: 8-K
Item: Item 1.01
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Item
1.01. Entry Into a Material Definitive Agreement

The
Equity Purchase Agreement

On
September 10, 2025, GameSquare Holdings, Inc., a Delaware corporation (“ GameSquare”), entered into an Equity Purchase Agreement
(the “ Purchase Agreement”), by and among, (i) Emma Jane Holdings Pty Ltd as Trustee for the Emma Jane Trust, El Watkins Investments
Pty Ltd as Trustee for the El Watkins Investment Trust, GM Watkins Pty Ltd as Trustee for the GM Watkins Trust, Matthew Palaje, individually,
and Phiroz Austin, individually (each, a “ Seller” and collectively, the “ Sellers”), (ii) Grace Watkins, solely
in her capacity as the representative of the Sellers (the “ Representative”) and (iii) GameSquare (“ Buyer”), pursuant
to which, among other things, GameSquare will acquire all of the outstanding equity interests (the “ Shares”) in Click Management
Pty Ltd, an Australian proprietary limited company (the “ Company”), subject to the terms and conditions in the Purchase Agreement
(the “ Transaction”). Terms used but not defined herein shall have the meanings ascribed thereto in the Purchase Agreement.

Under
the terms of the Purchase Agreement, the Buyer has agreed to pay a base purchase price of $4,500,000 subject to customary adjustments
for cash, net working capital, indebtedness and transaction expenses (the “ Purchase Price”). The Sellers will also receive,
subject to the terms and conditions described in the Purchase Agreement: (i) a deferred cash payment of $4,000,000 within sixty (60)
days following December 31, 2025; and (ii) up to an aggregate of $3,000,000 in cash earn-out payments based on the post-closing performance
of the Company and its wholly owned subsidiary, Click Media & Management LLC, a Delaware limited liability company (“ Click
Media,” and together with the Company, collectively, the “ Company Group”). Specifically, (a) up to $1,500,000 may be
payable based on the Company Group’s EBITDA for the 12-month period beginning January 1, 2026, if Actual EBITDA for such period
falls within specified target ranges set forth in the Purchase Agreement, and (b) up to an additional $1,500,000 may be payable based
on the Company Group’s EBITDA for the 12-month period beginning January 1, 2027, if Actual E