GameSquare Announces Delisting from TSXV, Shares to Continue on NASDAQ

GameSquare Holdings, Inc., a notable entity in the gaming and entertainment sector, has declared its decision to voluntarily withdraw its common shares from the TSX Venture Exchange (TSXV). This move, however, leaves its presence on the NASDAQ Capital Market untouched, where its shares will persist trading under the ticker "GAME". The company anticipates completing this transition by the close of trading around March 28, 2024. This strategy, fueled by recent business developments including the acquisition of FaZe and a shift in shareholder demographics, aims to consolidate trading platforms enhancing efficiency and shareholder value.

Additionally, GameSquare reported an amendment to its convertible debenture, bringing in an extra US$1,000,000 investment. This adjustment increases the principal balance to US$2,250,000 but retains the original terms including a 7% annual interest rate and a conversion price of US$4.40 per share. A key detail is the involvement of a company director in this financial maneuver, categorized as a "related party transaction" under certain regulatory safeguards. Nevertheless, this transaction has been conditionally greenlit by the TSXV, reflecting a strategic move within GameSquare's financial management practices.