---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-048423"
form_type: "8-K"
ticker: "GAME"
cik: "0001714562"
company_name: "GameSquare Holdings, Inc."
filed_at: "2026-10-26T12:00:29+00:00"
generated_at: "2026-10-26T12:05:08.442753+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GameSquare closes FanEngine deal, issuing 30% of shares; guides 2027 revenue >$150M, adj EBITDA >$30M

## Summary
- Issued 5,439,416 shares to FanEngine securityholders (30% of post-closing outstanding); earnout up to 1,410,218 more shares in two 705,109 tranches.
- Cash earnout up to $50M: $0.50 per $1 of net income above $8M for 2027 (max $25M) and above $25M for 2028 (max $25M).
- 2027 guidance: revenue over $150M, gross margin above 50%, adjusted EBITDA over $30M; 2026 proforma $85M+ revenue, $5M+ EBITDA.
- Board expanded to 8 with FanEngine's Marco Baccanello and Benjamin Hugo; stockholders approved 2026 Stock Incentive Plan.
- IP includes Peaky Blinders (Q4 2026 launch), Simon's Cat and 15 athletes incl. Ben Stokes; deal approved by stockholders Oct 22, 2026.

## SEC filing metadata
- accession: 0001493152-26-048423
- form_type: 8-K
- ticker: GAME
- cik: 0001714562
- company_name: GameSquare Holdings, Inc.
- filed_at: 2026-10-26T12:00:29+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 3.02, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1714562/000149315226048423/0001493152-26-048423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1714562/000149315226048423/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-048423
- JSON: https://secwatch.observer/filing/0001493152-26-048423.json
- Plain text: https://secwatch.observer/filing/0001493152-26-048423.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.