litigation
confidence high
sentiment negative
materiality 0.70
GAME gets second Nasdaq bid price compliance period; settles FaZe shareholder class action for $2.1M
GameSquare Holdings, Inc.
- Nasdaq granted a second 180-day period until Oct 13, 2025, for GAME to regain $1.00 bid price compliance.
- Company may effect a reverse stock split; must complete split 10 business days before October 13 deadline.
- Settlement of FaZe Holdings class action: GAME and BRPM each contribute $1,050,000 in cash and stock to resolve claims.
- Settlement hearing set for May 13, 2025; claims cover February 2021 to July 2022 period related to FaZe/BRPM merger.