Company: GAME
Filing Date: 2025-06-27
Form Type: 424B5
Source: 0001641172-25-016943
Chunk: 0

Company: GameSquare Holdings, Inc.
Filing Date: 2025-06-27
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)

File No. 333-285543

PROSPECTUS SUPPLEMENT

(to Prospectus dated May 9, 2025)

Up to $9,250,000

Common Stock

GameSquare Holdings, Inc.

We have entered into an At-The-Market Sales Agreement (the “ Sales Agreement”) with ThinkEquity LLC (the “ Agent”), relating to the offer and sale of shares of our common stock, par value $0.0001 per share (the “ Common Stock”). Under this prospectus supplement, we may offer and sell shares of our Common Stock having an aggregate offering price of up to $9,250,000 (the “ Offered Shares”), from time to time, through the Agent, acting as our agent in accordance with the terms of the Sales Agreement (the “ Offering”).

Sales of our Common Stock, if any, under this prospectus supplement may be deemed to be an “at the market offering” as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the “ Securities Act”). The Agent is not required to sell any specific number or dollar amount of securities, but will act as our sales agent and use commercially reasonable efforts to sell on our behalf all of the shares of Common Stock requested to be sold by us, consistent with its normal trading and sales practices, on mutually agreed terms between us and the Agent. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.

The Agent will be entitled to a commission of up to 3.0% of the gross sales price per share of common stock we receive from each sale of Offered Shares, distributed in accordance with the terms of the Sales Agreement. We have also agreed to provide indemnification and contribution to the Agent with respect to certain liabilities, including liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended (the “ Exchange Act”). See “Plan of Distribution” beginning on page S-12 for additional information regarding the compensation to be paid to the Agent.

You should read this prospectus supplement, the prospectus, and any additional prospectus supplement or amendment carefully before you invest in our securities.

Our common stock is listed on The Nasdaq Capital Market (“ NASDAQ”) under the symbol “GAME.” On June 25, 2024, the last reported sale price of our common stock on NASDAQ was $0.749.

As of June