GameSquare Holdings, Inc. (GAME): M&A transaction — GameSquare completes FaZe merger; becomes one of largest esports orgs with 1B audience reach

GameSquare Holdings, Inc.

Merger closed; FaZe shareholders received 0.13091 GameSquare shares per FaZe share; FaZe stock to cease trading.
$10M PIPE closed: 7.19M units at $1.39 each (share + 0.15 warrant); Goff Jones backstopped $6M.
Board expanded to 9; FaZe directors Paul Hamilton and Nick Lewin appointed; one vacancy remains.
FaZe cut ~$31M annualized costs in Q3 2023 vs Q4 2022; expects another ~$15M in 2024.
Combined audience reach exceeds 1B; talent roster includes Ninja, TimTheTatman, FaZe Banks.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Paul Hamilton

Director

GAME · GameSquare Holdings, Inc.

Filed: March 13, 2024, 7:59 PM ET

appointed Paul Hamilton and Nick Lewin (each, a “ New Director ” and collectively, the “ New Directors ”), who were previously members of FaZe’s board of directors, to serve on the Board

Appointed

Nick Lewin

Director

GAME · GameSquare Holdings, Inc.

Filed: March 13, 2024, 7:59 PM ET

appointed Paul Hamilton and Nick Lewin (each, a “ New Director ” and collectively, the “ New Directors ”), who were previously members of FaZe’s board of directors, to serve on the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Hamilton was appointed as Director at GameSquare Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Paul Hamilton and Nick Lewin (each, a “ New Director ” and collectively, the “ New Directors ”), who were previously members of FaZe’s board of directors, to serve on the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nick Lewin was appointed as Director at GameSquare Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Paul Hamilton and Nick Lewin (each, a “ New Director ” and collectively, the “ New Directors ”), who were previously members of FaZe’s board of directors, to serve on the Board

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

GameSquare Holdings, Inc.: Filed Certificate of Incorporation with Delaware Secretary of State in connection with domestication (effective 2024-03-07).

Change: charter amendment
Effective: 2024-03-07

Exact text from the filing

In connection with the Domestication, on March 7, 2024, the Company filed its Certificate of Domestication and its Certificate of Incorporation (the “ Certificate of Incorporation ”) with the Secretary of State of the State of Delaware.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GameSquare Holdings, Inc. completed an acquisition involving FaZe Holdings Inc. for 0.13091 share of GameSquare Common Stock per share of FaZe Common Stock (closed 2024-03-07).

Action: acquisition
Counterparty: FaZe Holdings Inc.
Consideration: 0.13091 share of GameSquare Common Stock per share of FaZe Common Stock
Closing: 2024-03-07

Exact text from the filing

Time (other than shares held in treasury by FaZe or held directly by GameSquare or Merger Sub (which such shares were cancelled)) was converted into the right to receive 0.13091 (the “ Exchange Ratio ”) of a fully paid non-assessable share of common stock, par value $0.0001 per share, of GameSquare (the “ GameSquare Common Stock ”) and, if applicable,

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

GameSquare Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-009809

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