Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 217

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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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 (3) 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 GameSquare with prejudice.

28

Officer
Grants

On
July 11, 2025 (the “Grant
Date”), Justin Kenna, Louis Schwartz, and Michael Munoz were each granted
(i) options to purchase an aggregate of 1,045,712 shares of GameSquare common stock and (ii)
464,863 restricted stock units (“RSUs”),
each representing a contingent right to receive one share of GameSquare common stock. The grants
were made as part of the GameSquare long-term incentive program and vest as follows: 25% on
the Grant Date, 37.5% on the first anniversary of the Grant Date, and 37.5% on the second anniversary of the Grant Date.

On
July 11, 2025, Justin Kenna was also granted a one-time grant of stock options to purchase an aggregate of 150,000 shares of GameSquare
common stock, and 225,000 restricted stock units, which will convert into one share of GameSquare common stock, pursuant to Justin Kenna’s
Employment Agreement, and which vest immediately.

Nasdaq bid price requirement 

On October 16, 2024, we received a letter from The Nasdaq Stock Market
LLC indicating that we have failed to comply with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing
Rule 5550(a)(2) requires that companies listed on the Nasdaq Capital Market maintain a minimum closing bid price of at least $1.00 per
share. On July 22, 2025, we received a letter from the NASDAQ Listing Qualifications Staff notifying us that we have regained compliance
with NASDAQ’s minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that as a result
of the closing bid price of the Company’s common stock having been at $1.00 per share or greater for at least ten consecutive business
days, from July 8,