Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 165

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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 into 1,000 shares of the Common Stock.

Subscription

On July 24, 2025, the Company entered into a Subscription Agreement (the
“Subscription Agreement”) with Robert Leshner (“Subscriber”), pursuant to which Subscriber purchased from the
Company 3,433.33 shares of Series A-1 Convertible Preferred Stock, in consideration for that certain Crypto Punk 5577 non-fungible token,
which has been deemed to have a fair market value of $5,149,995 (the “Issuance”). Each share of Series A-1 Preferred Stock
was issued at a price of $1,500 per share and automatically converts, at a fixed ratio to 1,000 shares of common stock of the Company,
par value $0.0001 per share, resulting in an effective conversion price of $1.50 per share.

Repurchase
Program

On August 1, 2025, the Board of Directors of the Company authorized a share
repurchase program pursuant to which the Company may purchase up to $5,000,000 of shares of Common Stock . Under the repurchase program,
GameSquare may purchase shares of its Common Stock on a discretionary basis from time to time through open market repurchases, in privately
negotiated transactions, or other means, 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