GameSquare Holdings, Inc. (GAME): Nasdaq/NYSE listing notice — 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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Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

GameSquare Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

September 10, 2025, GameSquare received a letter (the “Minimum Bid Price Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying GameSquare that for the last 30 consecutive business days, the closing bid price for GameSquare’s common stock (the “Common Stock”) has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Nasdaq Minimum Bid Price Requirement”). The Minimum Bid Price Notice has no immediate effect on the listing of the Common Stock, and

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

GameSquare Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-027096

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