IntrinsicIntrinsic

Mergers & Acquisitions ·

GameSquare acquires FanEngine for 30% equity plus up to $50M cash and 10% more stock if milestones hit

GAMEGameSquare Holdings, Inc.

GameSquare Holdings, Inc. entered into a Contribution Agreement to acquire substantially all assets of FanEngine Holdings Ltd. in exchange for issuing shares representing 30% of its post-transaction common stock to the seller's securityholders. The deal includes contingent consideration: up to an additional 10% in equity if revenue milestones are met, and up to $50 million in cash based on net income performance through 2028. Two board designees will be appointed upon closing. This strategic acquisition expands GameSquare Holdings' portfolio of digital sports entertainment assets.

More from GameSquare Holdings, Inc.

Explore GAME