Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 123

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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6 million during the six months ended June 30, 2025, includes revenue of $6.4 million, cost of revenue of $6.4
million, and operating expenses of $2.6 million. The pretax net loss of $1.9 million during the six months ended June 30, 2024, includes
revenue of $12.9 million, cost of revenue of $9.9 million, and operating expenses of $4.9 million.

The
Company recognized a pretax net loss of $0 and $2.1 million for the three months ended June 30, 2025 and 2024, in net income (loss) from
discontinued operations in the consolidated statements of operations and comprehensive loss in relation to FaZe Media. The pretax net
loss of $2.1 million during the three months ended June 30, 2024, includes revenue of $10.8 million, cost of revenue of $9.0 million,
and operating expenses of $3.9 million.

FaZe
Media had amortization and depreciation of $0.3
million and $0.5
million for the six months ended June 30, 2025 and 2024. FaZe
Media did not have significant capital expenditures or significant noncash activity during the periods presented.

    23

18.
Subsequent events

At-The-Market
Sales Agreement

On
June 27, 2025, the Company entered into an At-The-Market Sales Agreement with ThinkEquity LLC (the “Agent”), pursuant to
which GameSquare may offer and sell, from time to time, through or to the Agent, as sales agent, shares of Common Stock, par value $0.0001
per share (the “Shares”). On June 27, 2025, the Company filed a prospectus supplement relating to the offer and sale of the
Shares from time to time pursuant to the At-The-Market Sales Agreement up to an aggregate amount of $9,250,000. However, on July 7, 2025,
the Company delivered notice to the Agent that it was suspending and terminating the prospectus supplement, dated June 27, 2025, related
to the Company’s common stock, $0.0001 par value per share, issuable pursuant to the terms of the At-The-Market Sales Agreement.
The Company will not make any sales of its common stock pursuant to the At-The