Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 157

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 Common Stock meet or exceed $1.00 per share for a minimum of ten consecutive trading days.

If
GameSquare is unable to regain compliance with the Nasdaq Minimum Bid Price Requirement, GameSquare may be eligible for an additional
180-day compliance period. To qualify, GameSquare will be required to meet the continued listing requirement for market value of publicly
held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Nasdaq Minimum Bid Price
Requirement and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period.
If GameSquare does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, Nasdaq
will notify GameSquare of its determination to delist the Common Stock, at which point GameSquare would have an opportunity to appeal
the delisting determination to a hearings panel.

GameSquare
will continue to monitor the bid price of the Common Stock and consider its available options to regain compliance with the Nasdaq Minimum
Bid Price Requirement. However, there can be no assurance that GameSquare will be able to regain compliance with the Nasdaq Minimum Bid
Price Requirement.

27

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Unless
the context otherwise requires, all references in this section to the “Company,” “GameSquare,” “we,”
“us,” or “our” refer to GameSquare Holdings, Inc. and its subsidiaries and/or the management and employees of
the Company.

The
following discussion and analysis provide information which our management believes is relevant to an assessment and understanding of
our results of operations and financial condition. This discussion and analysis should be read together with our audited consolidated
financial statements and related notes included in Part I of this Form 10-Q. This discussion and analysis should also be read together
with our financial information for the year ended and as of December 31, 2024. In addition to historical financial information, this
discussion and analysis contains forward-looking statements that reflect our plans, estimates, and beliefs that involve risks, uncertainties
and assumptions. As a result of many factors, such as those set forth under the “Cautionary Statement Regarding Forward-Looking
Statements” elsewhere in this Form 10-Q, our actual results may differ materially from those anticipated in these forward-looking
statements.

Overview

GameSquare is a vertically integrated, digital media, entertainment and technology company that connects