other_material
confidence high
sentiment neutral
materiality 0.65
GameSquare accelerates $10M note exchange, transfers 5.7M FaZe Media shares and issues 87,946 common shares
GameSquare Holdings, Inc.
- Exchange Agreement accelerates exercise date of $10M convertible note to April 1, 2025, from December 31, 2025.
- GameSquare SPV transfers 5,725,000 shares of FaZe Media Series A-1 Preferred Stock to Gigamoon.
- GameSquare issues 87,946 shares of common stock to Gigamoon in satisfaction of accrued interest.
- Gigamoon surrenders the $10M note and enters new License Agreement and MSA with FaZe Media.
- Transaction effectively converts $10M debt into equity and preferred shares.