secwatch.observer — SEC 8-K summary
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Issuer:     GameSquare Holdings, Inc. (GAME)
CIK:        0001714562
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001493152-24-046195
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GameSquare Q3 revenue $26.4M (+10% YoY proforma); Adj EBITDA loss $2.2M; secures $13.25M financing
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- Q3 2024 revenue $26.4M, gross margin 19.8% vs 14% YoY proforma; net loss $5.5M.
- Adjusted EBITDA loss $2.2M, improved from $10.4M loss in prior-year proforma period.
- Annual guidance: proforma revenue $105-110M; expects continual quarterly profitability improvements.
- Entered note purchase agreement: $3.25M promissory note at 7.5% and $10M convertible note at 7.5%, convertible at $2.50/share or exchangeable for FaZe Media shares.
- Proceeds from initial closing ($3.25M) to repay obligations and for working capital; second closing (~$10M) expected Dec 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224046195/0001493152-24-046195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1714562/000149315224046195/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046195

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