on GameSquare Holdings, Inc. (NASDAQ:GAME)
GameSquare Clarifies July 18, 2024 Form S-1 Filing
GameSquare Holdings, Inc. (NASDAQ:GAME) clarified the context of its Form S-1 filing with the SEC on July 18, 2024. CEO Justin Kenna stated that the filing was a routine action and the company has no plans to raise additional equity. GameSquare recently secured over $36 million in non-dilutive capital and anticipates exceeding $100 million in pro forma revenue for 2024.
The Form S-1 registered 10,144,698 shares of common stock and 1,161,252 shares of common stock issuable upon the exercise of warrants already issued. Additionally, 26 million shares were registered related to the $6.5 million advance from Yorkville Advisors Global.
Insiders, including Chairman and CEO, bought shares in June 2024, with no intention to sell. Significant asset sales and investments were made in 2023 and 2024 to streamline operations and focus on profitability. Key transactions include the sales of Complexity Gaming and a 25.5% interest in FaZe Media, as well as investments into FaZe Media.
R. P.
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