GameSquare issues $5.15M Series A-1 Preferred to Robert Leshner for Crypto Punk NFT

GameSquare Holdings, Inc.

Issued 3,433 shares of Series A-1 Preferred to Robert Leshner for Crypto Punk 5577 NFT valued at $5,149,995.
Each preferred share converts into 1,000 common shares at $1.50/share, subject to shareholder vote to increase authorized common.
Underwriter Lucid Capital Markets waived 90-day restricted issuance provisions to allow the transaction.
Series A-1 Preferred ranks senior to common with a $1.50/share liquidation preference on as-converted basis, no voting rights.
Company completed public offerings of common stock and warrants in July 2025; this issuance adds potential dilution.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GameSquare Holdings, Inc.: Established Series A-1 Convertible Preferred Stock via Certificate of Designation filed with Delaware Secretary of State (effective 2025-07-24).

Change: charter amendment
Effective: 2025-07-24

Exact text from the filing

On July 23, 2025, the board of directors of the Company approved a Certificate of Designation of Series A-1 Convertible Preferred Stock of the Company (the “ Certificate of Designation ”) establishing the rights, preferences, powers, restrictions and limitations of the Company’s newly authorized 3,433.33 shares of the Series A-1 Preferred Stock. The Certificate of Designation was filed with the Secretary of State of the State of Delaware on July 24, 2025, and became effective upon filing.

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GameSquare Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-021355

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