GameSquare Secures $10 Million Convertible Note with Gigamoon Media

GameSquare Holdings, Inc. has announced a $10 million convertible note transaction with Gigamoon Media, LLC, backed by investor Matt Kalish. This strategic move aims to solidify GameSquare's financial position by settling its existing equity line facility with Yorkville Advisors and funding general corporate purposes.

The convertible note offers the option of converting into GameSquare's common stock or shares of FaZe Media preferred stock by December 2025. CEO Justin Kenna highlighted that the transaction supports their strategy of raising non-dilutive capital, ensuring resources for growth and capitalizing on global demand.

Matt Kalish commended GameSquare's achievements, especially the revitalization of the FaZe Clan brand. A conversion to FaZe Media shares values the entity at approximately $44 million, significantly surpassing GameSquare's market cap of $32 million.