M&A - GameSquare Holdings, Inc.
Form Type: 8-K
Filing Date: 2025-04-08
Corporate Action: Acquisition
Type: Update
Accession Number: 000164117225003265
Filing Summary: On April 2, 2025, GameSquare Holdings, Inc. announced the execution of an Exchange Agreement among GameSquare, its subsidiary GameSquare SPV, and Gigamoon Media LLC, effective April 1, 2025. The agreement was established to propel a previous preferred stock purchase transaction, where 5,725,000 shares of Series A-1 Preferred Stock were sold at $1.66 per share. Furthermore, GameSquare SPV will transfer these shares to Gigamoon, alongside the issuance of 87,946 shares of common stock of GameSquare. The Exchange Agreement includes various representations and warranties typical for such transactions, indicating a significant financial maneuver by the company concerning its preferred and common stock. This move is a part of ongoing corporate strategies that involve subsidiary entities and fluid capital management.
Document Link: View Document
Additional details:
Exchange Agreement Effective Date: 2025-04-01
Preferred Stock Sold: 5725000
Preferred Stock Purchase Price: 1.66
Common Stock Issued: 87946
Note Principal Amount: 10000000
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