GameSquare secures $6.5M pre-paid advance from Yorkville; King Street demands repayment on $5.8M note

GameSquare Holdings, Inc.

Entered SEPA with Yorkville for up to $20M common stock sales; $6.5M pre-paid advance funded July 8, 2024.
King Street alleges default on $5.8M convertible note due to failure to maintain 51% interest in FaZe Media; company disputes.
Proceeds from Yorkville to repay King Street note ($5.7M) and for working capital; commitment fee of $200K paid in shares.
Pre-paid advance convertible at lower of $1.375 fixed price or 93% of 7-day VWAP; floor price $0.25; 0% interest (18% default).

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