secwatch.observer — SEC 8-K summary
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Issuer:     GameSquare Holdings, Inc. (GAME)
CIK:        0001714562
Form:       8-K/A
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001493152-24-026660
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GameSquare enters $20M equity-line and $6.5M convertible note with Yorkville to repay $5.7M King Street note
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- Company entered SEPA with Yorkville for up to $20M of common stock; initial $6.5M convertible note purchased at 93% of face, 0% interest.
- Fixed conversion price $1.375; variable conversion at 93% of lowest VWAP over 7 days, capped at 15% of monthly volume or $750k.
- Intends to repay $5.7M outstanding principal on senior secured convertible note with King Street Partners LLC.
- Yorkville contractually agreed not to short the stock while the PPA is outstanding.
- Filing amends a typo to correct purchase price to 93.0% of principal amount of Pre-Paid Advance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224026660/0001493152-24-026660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224026660/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026660

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer