secwatch.observer — SEC 8-K summary
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Issuer:     GameSquare Holdings, Inc. (GAME)
CIK:        0001714562
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001493152-24-043878
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GameSquare agrees to standstill with YA II PN, paying $1.9M to limit share sales through Nov 30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224043878/0001493152-24-043878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224043878/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-043878

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