Announcement • Oct 19
GameSquare Holdings, Inc. Provides Earnings Guidance for the Year 2024 GameSquare Holdings, Inc. provided earnings guidance for the full year of 2024. For the year, the company expects revenue of $105 million to $110 million. Announcement • Oct 17
GameSquare Holdings, Inc. to Report Q3, 2024 Results on Nov 14, 2024 GameSquare Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Nov 14, 2024 Announcement • Jul 11
GameSquare Holdings, Inc. to Report Q2, 2024 Results on Aug 14, 2024 GameSquare Holdings, Inc. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024 Announcement • May 19
GameSquare Holdings, Inc. to Report Q1, 2024 Results on May 20, 2024 GameSquare Holdings, Inc. announced that they will report Q1, 2024 results After-Market on May 20, 2024 Announcement • May 18
GameSquare Announces Executive Appointments for FaZe Media GameSquare Holdings, Inc. after recently completing the acquisition of FaZe Clan on March 8, 2024, announced the formation of FaZe Media. This new company combines the FaZe creator talent roster and non-esports assets into a creator-led IP and internet media company under the leadership of CEO FaZe Banks, an original FaZe Clan founder. In addition, FaZe Media has closed $11 million in new investment capital from Matt Kalish, who will also become a board member of FaZe Media. GameSquare will provide certain corporate and agency services to FaZe Media as part of the agreement. Justin Kenna, GameSquare, CEO; FaZe Apex, FaZe Media, COO; Matt Kalish, Board Member, FaZe Media; FaZe Temperrr, FaZe Media, President and; FaZe Banks, FaZe Media, CEO. Announcement • May 17
GameSquare Holdings, Inc. announced delayed 10-Q filing On 05/15/2024, GameSquare Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 17
GameSquare Holdings, Inc. Provides Earnings Guidance for the Year 2024 GameSquare Holdings, Inc. provides earnings guidance for the expects over $100 million in annual revenue and annual gross margin to range between 22.5% to 27.5% for 2024. Announcement • Apr 12
GameSquare Holdings, Inc. to Report Q4, 2023 Results on Apr 16, 2024 GameSquare Holdings, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 16, 2024 Announcement • Apr 02
GameSquare Holdings, Inc. announced delayed annual 10-K filing On 04/01/2024, GameSquare Holdings, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 09
GameSquare Holdings, Inc. announced that it has received CAD 9.999999 million in funding On March 8, 2024, GameSquare Holdings, Inc. closed the transaction. The company issued a total of 7,194,244 units of the company at a price of CAD 1.39 per unit for the gross proceeds of CAD 9,999,999.16. Each unit consists of one common share of the company and 0.15 of a common share purchase warrant of the company, resulting in a total of 1,079,136 warrants being issued. Each whole warrant is exercisable for one common share at an exercise price of CAD 1.55 per warrant for a period of five years from the closing date of the Private Placement. The shares of common stock issued pursuant to the Private Placement are subject to a four month hold period under Canadian securities laws expiring four months following the closing date for the Private Placement. Announcement • Mar 08
GameSquare Holdings, Inc. (TSXV:GAME) completed the acquisition of FaZe Holdings Inc. (NasdaqCM:FAZE) ("FaZe Clan") from AEV Esports, LLC, B. Riley Principal Investments, LLC and TF US 2 AS. GameSquare Holdings, Inc. (TSXV:GAME) entered into a definitive agreement to acquire FaZe Holdings Inc. (NasdaqCM:FAZE) ("FaZe Clan") from AEV Esports, LLC, B. Riley Principal Investments, LLC and TF US 2 AS for approximately $17 million on October 19, 2023. Under the terms and conditions of the transaction, each issued and outstanding share of FaZe Clan common stock will be converted into the right to receive 0.13091 shares of GameSquare's common stock. Upon completion of the transaction, current GameSquare shareholders will own approximately 55% of the combined company, while current FaZe Clan shareholders will own approximately 45%. Under the terms of the agreement, upon closing of the transaction, nine directors will be appointed to GameSquare's Board of Directors, with six to be designated by GameSquare, two to be designated by FaZe Clan and one to be mutually agreed by GameSquare and FaZe Clan. A Special Meeting of FaZe will be held on February 16, 2024.
The transaction is subject to approval of the Merger Agreement by the stockholders of FaZe and GameSquare; the shares of GameSquare Common Stock issued as merger consideration shall have been approved for listing on the Nasdaq Capital Market; the registration statement filed by GameSquare in connection with the issuance shares of GameSquare Common Stock shall have be declared effective by the U.S. Securities and Exchange Commission; all required filings shall have been made and all required approvals obtained (or waiting periods expired or terminated) under any applicable antitrust law and regulatory approvals; and the absence of any law or order prohibiting consummation of the merger. The boards of directors of FaZe Clan and GameSquare have unanimously approved the transaction. The transaction is expected to close in the fourth quarter of 2023. As of February 22, 2024, stockholders of FaZe Holdings Inc. have voted to approve the proposed merger with GameSquare Holdings, Inc. As of stockholders of GameSquare Holdings have voted to approve the proposed merger with FaZe Holdings Inc. As a result of the merger, and effective as of the close of trading on March 8, 2024, FaZe's common stock (NASDAQ:FAZE) and FaZe warrants (NASDAQ:FAZEW) will cease trading.
Oak Hills Securities, Inc. served as GameSquare's exclusive financial advisor and Bryan N. Wasser and Alan A. Lanis of Baker Hostetler LLP is its legal advisor. FaZe Clan's legal advisor is D. Thomas Triggs and Brian A. Sullivan of Sullivan & Triggs, LLP. Current Capital Securities LLC acted as financial advisor and rendered a fairness opinion to the Board of Directors of FaZe Clan in connection with the transaction. Continental Stock Transfer & Trust Company acted as transfer agent and Morrow Sodali LLC acted as an information agent for FaZe Clan. FaZe estimates that it will pay Morrow Sodali LLC a fee of approximately $15,000, plus reimbursement for certain out-of-pocket fees and expenses. Computershare Trust Company of Canada is the registrar and transfer agent for the GameSquare Shares. Blake, Cassels & Graydon LLP serves as Canadian counsel to GameSquare.
GameSquare Holdings, Inc. (TSXV:GAME) completed the acquisition of FaZe Holdings Inc. (NasdaqCM:FAZE) ("FaZe Clan") from AEV Esports, LLC, B. Riley Principal Investments, LLC and TF US 2 AS on March 8, 2024. Announcement • Jan 25
GameSquare Holdings, Inc. Launches Moonlight Studios to Further Expand Its World-Building Development Led by Former Project Fortnite Player GameSquare Holdings, Inc. expands its creative services with the launch of Moonlight Studios. Moonlight Studios, which has been operating in stealth mode over the last 6 months, is focused on creating unique and innovative experiences for brands by building custom worlds inside metaverse-style games like Fortnite, Roblox and Grand Theft Auto. Moonlight Studios. leverages the resources and capabilities of Zoned, a full-service strategy and creative agency built at the intersection of gaming and pop culture and wholly-owned subsidiary of GameSquare; they've worked with major global brands including Cash App, Amazon, Epic Games, and Jack in The Box. Moonlight Studios has a team of in-house experts led by its Head of Studio, Kyle "Kazify/Kaz" Rapozo, a former professional Fortnite player for FaZe Clan, the popular esports and entertainment organization to be acquired by GameSquare. Having collaborated with numerous blue-chip brands and competed in the 2019 Fortnite World Cup Creative Finals, Kaz leads a team of gamers- turned-developers, infusing a creative, hands-on approach into every campaign. The team at Moonlight Studios has studied platform algorithms and user behavior to understand what types of experiences are in demand. Between Zoned's cultural insights and audience expertise, the support of development partners such as Alliance Studios, a nd Kaz's creative direction /marketing first approach, Moonlight is able to deliver calculated creative concepts bringing digital realities to life and has created successful experiences for multiple global brands. Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The analyst covering GameSquare Holdings expects the company to break even for the first time. New forecast suggests the company will make a profit of US$5.69m in 2026. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Announcement • Dec 01
GameSquare Holdings, Inc. Appoints Paul Ioakim as Head of Events GameSquare Holdings, Inc. announced Paul Ioakim has been appointed Head of Events to support GameSquare's emerging events business. Ioakim brings over 16 years of unparalleled experience in crafting award-winning events and experiences for some of the world's most prominent brands. Prior to joining GameSquare, Ioakim was Director of Development at Redrock Entertainment, and has held positions at the Australian Football League, and NCompass International. His expertise encompasses the production of large-scale events and immersive experiences that generate revenue by driving strategic sponsorships and engaging consumers. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.43 loss per share (vs US$0.024 loss in 3Q 2022) Third quarter 2023 results: US$0.43 loss per share. Revenue: US$16.0m (up 157% from 3Q 2022). Net loss: US$5.60m (loss narrowed 24% from 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in Canada. Announcement • Nov 17
GameSquare Holdings, Inc. Provides Revenue Guidance for the Fourth Quarter of 2023 and Full Year 2024 GameSquare Holdings, Inc. provided revenue guidance for the fourth quarter of 2023 and full year 2024. The company expects accelerating sales growth in the fourth quarter and in 2024. Announcement • Oct 22
GameSquare Holdings, Inc. announced that it expects to receive CAD 10 million in funding GameSquare Holdings, Inc. announced a private placement in public equity with certain accredited institutional investors to issue common shares for the gross proceeds of CAD 10,000,000 on October 20, 2023. Announcement • Oct 21
GameSquare Holdings, Inc. (TSXV:GAME) entered into a definitive agreement to acquire FaZe Holdings Inc. (NasdaqCM:FAZE) for $18.2 million. GameSquare Holdings, Inc. (TSXV:GAME) entered into a definitive agreement to acquire FaZe Holdings Inc. (NasdaqCM:FAZE) ("FaZe Clan") for $18.2 million on October 19, 2023. Under the terms and conditions of the transaction, each issued and outstanding share of FaZe Clan common stock will be converted into the right to receive 0.13091 shares of GameSquare's common stock. Upon completion of the transaction, current GameSquare shareholders will own approximately 55% of the combined company, while current FaZe Clan shareholders will own approximately 45%. Under the terms of the agreement, upon closing of the transaction, nine directors will be appointed to GameSquare's Board of Directors, with six to be designated by GameSquare, two to be designated by FaZe Clan and one to be mutually agreed by GameSquare and FaZe Clan.
The transaction is subject to approval of the Merger Agreement by the stockholders of FaZe and GameSquare; the shares of GameSquare Common Stock issued as merger consideration shall have been approved for listing on the Nasdaq Capital Market; the registration statement filed by GameSquare in connection with the issuance shares of GameSquare Common Stock shall have be declared effective by the U.S. Securities and Exchange Commission; all required filings shall have been made and all required approvals obtained (or waiting periods expired or terminated) under any applicable antitrust law and regulatory approvals; and the absence of any law or order prohibiting consummation of the merger. The boards of directors of FaZe Clan and GameSquare have unanimously approved the transaction. The transaction is expected to close in the fourth quarter of 2023. Oak Hills Securities, Inc. served as GameSquare's exclusive financial advisor and Alan A. Lanis of Baker Hostetler LLP is its legal advisor. FaZe Clan's legal advisor is D. Thomas Triggs of Sullivan & Triggs, LLP. Current Capital Securities LLC rendered a fairness opinion to the Board of Directors of FaZe Clan in connection with the transaction. Reported Earnings • Aug 15
Second quarter 2023 earnings released Second quarter 2023 results: US$0.32 loss per share. Net loss: US$3.92m (flat on 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Canada. Announcement • Aug 09
GameSquare Holdings, Inc. to Report Q2, 2023 Results on Aug 14, 2023 GameSquare Holdings, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 14, 2023 New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$65.9m market cap, or US$49.4m). Announcement • Jun 07
GameSquare Holdings, Inc. Enters into the $250 Billion Creator Economy with the Launch of Star Packed Gamesquare Creator Network GameSquare Holdings, Inc. announced that it has officially launched the GameSquare Creator Network and the beta version is now live at creators.gamesquare.com. This new and innovative creator marketing platform provides creators and influencers of all sizes with unprecedented access to the marketing opportunities and best-in-class resources to monetize their audiences. It also provides incremental growth opportunities for GameSquare by enabling the Company to tap into the immense size and influence of the creator economy and the ability to reach highly targeted audiences. According to Goldman Sachs, there are 50 million individual creators with a total addressable market that is estimated to double and approach $500 billion in the next five years. Highlights of the GameSquare Creator Network include: Leverages GameSquare's existing technology, platform and resources to create a self-serve platform for creators and brands of all sizes to gain access to opportunities previously only available to the top talent. Allows new and upcoming creators to easily join the network along with more established personalities. Provides multiple revenue opportunities to monetize audiences through aggregate audience scale. Capitalizes on a capability gap in the market. Ongoing nurturing via a dedicated Creator Success team, newsletters, content inspiration and actionable insights. Reported Earnings • May 20
First quarter 2023 earnings released First quarter 2023 results: US$0.014 loss per share. Net loss: US$4.26m (flat on 1Q 2022). Board Change • Apr 13
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. President & Chairman Kevin Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
