---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-022919"
form_type: "8-K"
ticker: "GAME"
cik: "0001714562"
company_name: "GameSquare Holdings, Inc."
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T05:56:34.934623+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GameSquare sells non-core CMS and PR distribution assets for $2.2M; removes $2.3M annual expenses

## Summary
- Sold Frankly's CMS to Immergo and PR distribution to XPR for total $2.2M over 3 years.
- Divested assets generated ~$1.6M in annual revenue; eliminated ~$2.3M in annual operating expenses.
- Over past 6 months, divested four non-core assets for ~$16M total consideration.
- Acquired FaZe Clan for $14M in stock; sold 49% of FaZe Media to Matt Kalish for $11M.
- CEO says non-core sales at ~1.4x trailing-12-month sales vs GameSquare's ~0.4x market cap multiple.

## SEC filing metadata
- accession: 0001493152-24-022919
- form_type: 8-K
- ticker: GAME
- cik: 0001714562
- company_name: GameSquare Holdings, Inc.
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1714562/000149315224022919/0001493152-24-022919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1714562/000149315224022919/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-022919
- JSON: https://secwatch.observer/filing/0001493152-24-022919.json
- Plain text: https://secwatch.observer/filing/0001493152-24-022919.txt

## Key facts
- M&A Transactions
  GameSquare Holdings, Inc. completed a disposition involving UNIV, Ltd. for $1.50 million purchase price evidenced by a secured promissory note with payments starting at $25,000 on closing, then $25,000/month for 11 months, $45,000/mont (closed 2024-05-31).
  - Action: disposition
  - Counterparty: UNIV, Ltd.
  - Consideration: $1.50 million purchase price evidenced by a secured promissory note with payments starting at $25,000 on closing, then $25,000/month for 11 months, $45,000/mont
  - Closing: 2024-05-31
  source text: contains customary representations, warranties and covenants of each of the parties thereto. Pursuant to the UNIV Purchase Agreement, UNIV paid Frankly a purchase price of $1.50 million, evidenced by a secured promissory note (the “UNIV Promissory Note”). The payment schedule under the UNIV Promissory Note is as follows: (i) $25,000.00 on closing date of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1714562/000149315224022919/0001493152-24-022919-index.htm
- M&A Transactions
  GameSquare Holdings, Inc. completed a disposition involving XPR Media LLC for $700,000 purchase price evidenced by a secured promissory note with payments from May 2024 through July 2027 and bearing 8% interest (closed 2024-05-31).
  - Action: disposition
  - Counterparty: XPR Media LLC
  - Consideration: $700,000 purchase price evidenced by a secured promissory note with payments from May 2024 through July 2027 and bearing 8% interest
  - Closing: 2024-05-31
  source text: On May 31, 2024, Frankly completed the sale of all of the assets (the “ XPR Sale”) listed on Schedule A annexed to the Asset Purchase Agreement (“XPR Purchase Agreement”) by and between Frankly and XPR Media LLC (“XPR”), which includes but is not limited to written agreements for press release and content distribution services.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1714562/000149315224022919/0001493152-24-022919-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.