Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 4

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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 price of $0.9499 per Pre-Funded Warrant and at an exercise price of $0.0001 per Pre-Funded Warrant. The Underwriter’s
exercise of its Option resulted in additional gross proceeds to the Company of $1,199,872.83 after deducing the underwriting discount
of 7% of the price to the public.

27

July
18, 2025 Offering

On
July 17, 2025, the Company entered into an underwriting agreement with
Lucid Capital Markets, LLC (the “Underwriter”) pursuant to which the Company issued and sold to the Underwriter
pursuant to the Underwriting Agreement 46,666,667 shares of common stock, par value $0.0001 per share , at an offering price of $1.50
per Share, and granted to the Underwriter an option for the issuance
and sales of up to 7,000,000 additional Shares (the “Option”) to be sold by the Company (the “Offering”).
The Offering closed on July 18, 2025. The aggregate gross proceeds to the Company from the Offering were approximately $61.5 million,
after deducting an underwriting discount of 7% of the price to the public, but before deducting expenses payable by the Company in connection
with the Offering. Pursuant to the Underwriting Agreement we also agreed to issue the Underwriter’s common stock purchase warrants
(the “Representative’s Warrant”) to purchase up to 10% of the securities sold in the Offering at an exercise
price of $1.80.

On
July 18, 2025, the Underwriter partially exercised its Option pursuant to the Underwriting Agreement and purchased 3,500,000 Shares at
a price of $1.50 per Share. The Underwriter’s partial exercise of its Option resulted in additional gross proceeds to the Company
of $4,882,500 after deducting the underwriting discount of 7% of the price to the public.

Series
A-1 Preferred Stock

On
July 23, 2025, the board of directors of the Company approved a Certificate of Designation of Series A-1 Convertible Preferred Stock
of the Company (the “Certificate of Designation”)
establishing the rights, preferences, powers, restrictions and limitations of the Company’s newly authorized 3,433.33 shares of
the Series A-1 Preferred Stock. The