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.