Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 218

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 218
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 including through Rule 10b5-1 trading plans. The timing and actual number of shares repurchased
will be determined by management depending on a variety of factors, including, among other factors, stock price, trading volume, market
conditions and other general business considerations. The repurchase program has no expiration date and may be modified, suspended, or
terminated at any time. Repurchases under this program will be funded from the Company’s surplus cash and cash equivalents or future
cash flow generated by its Ethereum yield strategy. We did not make any purchases of shares under the repurchase program during the three
months ended September 30, 2025.

Alta
Settlement

On
April 23, 2025, Alta Partners, LLC 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 agrees 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 GameSquare’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 (3) business days of that date, GameSquare shall
pay the difference between the collective value and $150,000 to Alta in cash (the “True-Up Payment”). Upon GameSquare’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 (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.

30

Officer
Grants

On