Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 200

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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 cash. As of
the date of this Report, the Company and BRPM have made the required settlement payment amounts in cash in full. As a result the litigation
has been resolved.

Alta Partners v. FaZe Holdings, Inc. On April 23, 2025, Alta Partners, LLC (“Alta”) filed a complaint
against FaZe Holdings, Inc. and GameSquare Holdings, Inc., in the United States District Court for the Southern District of New York,
alleging that in 2022, FaZe Holdings breached a warrant agreement between FaZe Holdings and Alta. On August 11, 2025, the Company entered
into a Settlement and Release Agreement with Alta Partners, LLC, pursuant to which the Company agreed to issue to Alta $150,000 of the
Company’s restricted Common Stock (“Settlement Shares”). In the event that the collective value of the Settlement Shares
drops below $150,000 on the six-month anniversary date following issuance of the Settlement Shares, or the next business day if the six-month
anniversary date falls on a weekend or holiday (the collective value to be computed based on the Nasdaq closing price of the Company’s
common stock on that six-month anniversary date, or the next business day if the six-month anniversary date falls on a weekend or holiday),
then within three business days of that date, the Company shall pay the difference between the collective value and $150,000 to Alta in
cash (the “True-Up Payment”). Upon the Company’s delivery of the Settlement Shares and True Up Payment, if applicable,
the public warrants that are owned and/or beneficially held by Alta at that time shall be cancelled immediately and Alta shall have no
ownership, right, claim, interest or benefit in such public warrants. Moreover, within three business days of Alta’s receipt of
the Settlement Shares, Alta shall file the Stipulation of Voluntary Dismissal with Prejudice, dismissing all claims asserted in the action
against the Company with prejudice.

The
outcomes of pending litigations in which the Company is involved are necessarily uncertain as are the Company’s expenses in prosecuting
and defending these actions. From time to time the Company may modify litigation strategy and/or the terms on which it retains counsel
and other professionals in connection with such actions, which may affect the outcomes of and/or the expenses incurred in connection
with such actions.

The
Company is subject to various other claims, lawsuits and other complaints arising in the ordinary course of business. The