Recent Updates — GAME

GameSquare Holdings completed its acquisition of sports and entertainment intellectual property assets from FanEngine Holdings Ltd., closing on October 26, 2026. The company issued 5,439,416 shares of common stock to seller securityholders, representing approximately 30% of the post-closing outstanding shares. Additionally, sellers are eligible for up to 1,410,218 contingent earnout shares and $50 million in cash based on future revenue and net income milestones. The board expanded by two directors appointed by the sellers. GameSquare expects FanEngine to contribute immediately to results, supporting a 2027 guidance of over $150 million in revenue and more than $30 million in adjusted EBITDA. GameSquare is a media, entertainment, and technology company connecting brands with Gen Z and Millennial audiences through gaming and esports.

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.

GameSquare Holdings, Inc. filed a Certificate of Amendment to effect a reverse stock split at a ratio of 1-for-8. The split becomes effective on August 24, 2026, at 12:01 a.m. Eastern Time. Issued and outstanding shares will decrease from approximately 102,271,871 to approximately 12,783,983. Fractional shares are rounded up to whole shares. Trading on a split-adjusted basis commences at market open on August 24, 2026. The company operates in the digital entertainment and esports industry.

GameSquare Holdings, Inc. held a Special Meeting of Stockholders on August 13, 2026, where shareholders approved an amendment to the Certificate of Incorporation authorizing the Board to effect a reverse stock split within a range of 1-for-2 to 1-for-8. The exact ratio will be determined by the Board at its discretion. A total of 49,401,476 shares voted in favor against 10,935,417, with a quorum constituted by approximately 58.59% of outstanding shares. The company operates in the esports and digital entertainment industry.