m_and_a
confidence high
sentiment neutral
materiality 0.75
GameSquare acquires Click Management for $8.5M; Nasdaq bid price deficiency; Frankly Media shuttered
GameSquare Holdings, Inc.
- Acquires Click Management for $4.5M at close, $4M deferred, plus up to $3M earnouts; expected to be accretive.
- Nasdaq notice: stock bid price below $1 for 30 days; compliance period until March 9, 2026.
- Frankly Media operations discontinued Sept 15, 2025; had $46.9M revenue and $1.1M EBITDA loss in 2024.
- Second-half 2025 proforma guidance: revenue $36.8M, adjusted EBITDA $2.9M.
- Cash and onchain holdings $87.7M as of Aug 31, 2025; no debt outstanding.
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