other material
confidence high
sentiment neutral
materiality 0.65
GameSquare agrees to standstill with YA II PN, paying $1.9M to limit share sales through Nov 30
GameSquare Holdings, Inc.
- Holder YA II PN agrees not to sell its 640,000 shares until Nov 30, 2024 (Standstill Period).
- Company may purchase shares at ≥$0.70; any unsold shares require company to pay difference to $0.70.
- Redemption amount of $1,900,000 payable in installments; 93% applied to Note principal, 7% to premium.
- Conversion standstill through Dec 31: no conversions under Note or advances under SEPA, with exceptions.
- Holder may sell during standstill on event of default, missed payment, or at price ≥$1.00 per share.