1 week ago - prnewswire.com

OMG Agency OMD Named Media Network of the Year, with sister-shop PHD claiming second place Group revealed first-mover partnerships with leading retail, programmatic buying and social platforms that will connect upper funnel investment to sales  NEW YORK , June 28, 2024 /PRNewswire/ -- Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC) emerged from the 2024 Cannes Lions International Festival of Creativity as the most honored media holding company, earning the highest combined total of Lions awards (including two Grand Prixes) and short list placements than any other global media group. For the third time in seven years, OMG agency OMD Worldwide was named Media Network of the Year, while sister-agency (and 2020-2021 winner) PHD claimed second place.

1 week ago - accesswire.com

GameSquare's SaaS solutions support Riot Games' creation of league reports, event scheduling, and consulting across Riot's global esports portfolio FRISCO, TX / ACCESSWIRE / June 26, 2024 / Stream Hatchet, a GameSquare Holdings, Inc. company ("GameSquare", or the "Company") (NASDAQ:GAME) announced that it has renewed its relationship with Riot Games, a leading video game developer, publisher, and esports tournament organizer. Stream Hatchet has been providing Riot Games with SaaS-based analytics solutions for five years and recently expanded its scope with Riot Games with additional influencer marketing capabilities provided by Sideqik, also a GameSquare company.

2 weeks ago - accesswire.com

Transaction follows $11 Million investment from Matt Kalish for 49% interest in FaZe Media, valuing FaZe Media after the sale at approximately $40 million GameSquare to retain controlling voting interest in FaZe Media, and will continue to consolidate FaZe Media's financial results in its financial statements GameSquare continues to own 100% of FaZe Esports, one of the world's best and most recognized esports organizations FRISCO, TX / ACCESSWIRE / June 18, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), today announces that it has sold a 25.5% interest in FaZe Media for $9.5 million to an entity controlled by FaZe Media's CEO FaZe Banks. The sale follows an $11 million investment by Matt Kalish for 49% of FaZe Media that was completed in May 2024.

3 weeks ago - prnewswire.com

The new carousel shop, curated by Venus Williams, will feature the launch of her exclusive collection with AQUA. NEW YORK , June 13, 2024 /PRNewswire/ -- Bloomingdale's, in partnership with Air France, announces The Carousel @ Bloomingdale's: Game On.

1 month ago - prnewswire.com

VANCOUVER, BC, June 6, 2024 /PRNewswire/ --  GameOn  (CSE: GET) (OTCQB: GMETF), a mobile-first, next-gen fantasy sports gaming company, is thrilled to announce the launch of GameOn Live Fantasy in time for the UEFA European Football Championship (Euro 2024) on June 14. This marks a significant milestone in bringing fans closer to their favorite athletes, teams, and leagues through immersive fantasy sports experiences.

1 month ago - accesswire.com

FRISCO, TX / ACCESSWIRE / June 3, 2024 / GameSquare Holdings, Inc. ("GameSquare") (NASDAQ:GAME) , announces that on May 31, 2024, GameSquare and its Frankly Media LLC subsidiary ("Frankly") sold certain non-core assets. Immergo acquired Frankly's Content Management Software ("CMS") and XPR acquired Frankly's PR distribution business.

1 month ago - globenewswire.com

VANCOUVER, British Columbia, May 27, 2024 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investor access to a portfolio of 25+ innovative companies from around the world in a single stock, is pleased to share that its portfolio company - GameOn (CSE: GET) (OTCQB: GMETF), a mobile-first, next-gen fantasy sports gaming company, today announces that the $GAME token, the fantasy sports infrastructure designed and developed in collaboration with Sportsology, is set to launch on major exchanges on Monday, June 3rd. GameOn recently announced that it received a grant of 59,000,000 $GAME tokens from Sportsology.

1 month ago - prnewswire.com

VANCOUVER, BC , May 27, 2024 /PRNewswire/ -- GameOn (CSE: GET) (OTCQB: GMETF), a mobile-first, next-gen fantasy sports gaming company, today announces that the $GAME token, the fantasy sports infrastructure designed and developed in collaboration with Sportsology, is set to launch on major exchanges next Monday, June 3. GameOn recently announced that it received a grant of 59,000,000 $GAME tokens from Sportsology.

1 month ago - seekingalpha.com

GameSquare Holdings, Inc. (NASDAQ:GAME ) Q1 2024 Results Conference Call May 20, 2024 5:30 PM ET Company Participants Justin Kenna - Chief Executive Officer Mike Munoz - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH Capital Partners Operator Good afternoon, and thank you for joining us for the GameSquare Holdings 2024 First Quarter Conference Call. On the call today, we have Justin Kenna, GameSquare's CEO; Lou Schwartz, President; and Mike Munoz CFO.

1 month ago - https://www.accesswire.com

FRISCO, TX / ACCESSWIRE / May 20, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), today announced financial results for the first quarter ended March 31, 2024."Our first quarter proforma financial performance reflects the progress we are making integrating the FaZe Clan acquisition, optimizing our business model, investing in our long-term growth opportunities, and improving profitability. While proforma revenue declined slightly primarily due to a $4.2 million year-over-year decline of revenue at FaZe Clan, GameSquare and Engine Gaming's revenue increased by $3.6 million. In addition, the $6.4 million, or 45% year-over-year improvement in proforma adjusted EBITDA, was primarily due to the benefits of cost synergies associated with the April 2023 Engine acquisition and the initial synergies of the March 2024 FaZe Clan acquisition. We believe there are $18 million of cost synergies as a result of the FaZe Clan acquisition and expect the majority of these savings to be realized during the 2024 second and third quarters. As a result, we expect to show meaningful improvements to profitability throughout 2024 as we focus on expanding gross margin and reducing operating expenses, while continuing to drive revenue growth and make strategic investments in our business," said Justin Kenna, CEO of GameSquare."The recent announcement of an $11 million investment from Matt Kalish for a 49% interest in FaZe Media, a business with approximately $30 million of revenue in 2023, is a significant moment for GameSquare. Matt joins GameSquare's other strategic investors including Jerry Jones the owner of the Dallas Cowboys and John and Travis Goff who have made significant investments in GameSquare because of the disruptive potential of the next-generation media business we have created. In addition, Matt has a proven track record, incredible networks, and understands the creator economy and media businesses as well as anyone. His investment and leadership as a board member of FaZe Media will add tremendous value as we return FaZe Clan back to its roots by empowering its creators and developing powerful connections with its fans. In fact, when FaZe Clan relaunched the brand on April 27, 2024, it experienced unprecedented engagement across social media platforms and was the #1 trending topic on X in the U.S.," Mr. Kenna continued."We are excited by the direction GameSquare is headed and we expect 2024 to be a transformative year for the Company. We believe we are clearly on track to meeting our 2024 financial guidance as we complete our business optimization initiatives, expand revenue and improve profitability going forward. As a result, we expect to see accelerated revenue growth in the second half of the year, with sequential improvements in profitability throughout 2024. I want to thank our team members for all their hard work and continued dedication," concluded Mr. Kenna.Reported first quarter results for the quarter ended March 31, 2024, compared to March 31, 2023Revenue of $17.7 million, compared to $2.8 millionGross profit of $3.4 million, compared to $1.3 millionNet loss of $5.3 million, compared to a net loss of $4.3 millionAdjusted EBITDA loss of $4.1 million, compared to a loss of $1.5 millionGameSquare's GAAP financial statements include 24 days of FaZe Clan's results. In addition, Complexity, which was sold in March 2024 has been treated as a discounted operation and Complexity's results have been reclassed into discontinued operations in the Company's 2024 and 2023 first quarter financial statements.Proforma* first quarter results for the quarter ended March 31, 2024, compared to March 31, 2023Revenue of $23.5 million, compared to $24.1 millionGross profit of $3.7 million, compared to $4.0 millionAdjusted EBITDA loss of $7.9 million, compared to a loss of $14.3 millionAdjusted EBITDA loss was 34% of revenue versus 59% of revenue last year* Proforma financial results removes Complexity from GameSquare's financial statements, includes a full quarter contribution of FaZe Clan in the 2024 period, and includes a full quarter contribution of Engine and FaZe Clan in the 2023 period.2024 Annual GuidanceManagement expects over $100 million in annual revenue and annual gross margin to range between 22.5% to 27.5% for 20242024's annual guidance is based on a proforma basis and includes a full 12 months of contribution from FaZe Clan, which was acquired on March 7, 2024.$18 million of annualized cost savings associated with the FaZe Clan acquisition are expected, with the majority of these costs anticipated being removed during the second and third quarters of 2024Management anticipates continual quarterly improvements to profitability throughout 2024 supported by sales growth, gross margin improvement, and the benefit of cost saving initiativesConference Call DetailsJustin Kenna, CEO, Lou Schwartz, President, and Mike Munoz CFO are scheduled to host a conference call with the investment community. Analysts and interested investors can join the call via the details below:Date: May 20, 2024Time: 5:30 pm ETWebcast: https://services.choruscall.ca/links/gamesquare2024q1.htmlCorporate ContactLou Schwartz, PresidentPhone: (216) 464-6400Email: [email protected] RelationsAndrew BergerPhone: (216) 464-6400Email: [email protected] RelationsChelsey Northern / The UntoldPhone: (254) 855-4028Email: [email protected] GameSquare Holdings, Inc.GameSquare's (NASDAQ: GAME) mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Our next generation media, entertainment, and technology capabilities drive compelling outcomes for creators and maximize our brand partners' return on investment. Through our purpose-built platform, we provide award winning marketing and creative services, offer leading data and analytics solutions, and amplify awareness through FaZe Clan, one of the most prominent and influential gaming organizations in the world. With an audience reach of 1 billion digitally native consumers across our media network and roster of creators, we are reshaping the landscape of digital media and immersive entertainment. GameSquare's largest investors are Dallas Cowboys owner Jerry Jones and the Goff family.To learn more, visit www.gamesquare.com.Forward-Looking InformationThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's and FaZe Media's future performance, revenue, growth and profitability; and the Company's and FaZe Media's ability to execute their business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's and FaZe Media's ability to grow their business and being able to execute on their business plans, the Company being able to complete and successfully integrate acquisitions, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties including impact of the COVID-19 pandemic and any variants. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.GameSquare Holdings, Inc.Condensed Consolidated Balance Sheets(unaudited)March 31,2024December 31,2023AssetsCash$7,173,871$2,945,373Restricted cash647,61047,465Accounts receivable, net25,844,15616,459,684Government remittances1,347,3051,665,597Contingent consideration, current207,673207,673Prepaid expenses and other current assets2,995,649916,740Total current assets38,216,26422,242,532Investment2,673,4722,673,472Contingent consideration, non-current293,445293,445Promissory note receivable7,125,628-Property and equipment, net795,5602,464,633Goodwill22,789,94916,303,989Intangible assets, net27,898,45418,574,144Right-of-use assets2,071,3282,159,693Total assets$101,864,100$64,711,908Liabilities and Shareholders' EquityAccounts payable$30,238,124$23,493,472Accrued expenses and other current liabilities13,561,7755,289,149Players liability account47,54547,465Deferred revenue4,193,0321,930,028Current portion of operating lease liability375,155367,487Line of credit4,232,4254,518,571Warrant liability62,818102,284Arbitration reserve333,499428,624Total current liabilities53,044,37336,177,080Convertible debt carried at fair value8,394,2078,176,928Operating lease liability1,898,2471,994,961Total liabilities63,336,82746,348,969Commitments and contingencies (Note 14)--Preferred stock (no par value, unlimited shares authorized, zero shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)--Common stock (no par value, unlimited shares authorized, 30,316,256 and 12,989,128 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)--Additional paid-in capital116,786,45591,915,169Accumulated other comprehensive loss421,915(132,081)Accumulated deficit(78,681,097)(73,420,149)Total shareholders' equity38,527,27318,362,939Total liabilities and shareholders' equity$101,864,100$64,711,908GameSquare Holdings, Inc.Consolidated Statements of Operations and Comprehensive Loss(unaudited)Three months ended March 31,20242023Revenue$17,728,224$2,790,061Cost of revenue14,335,0671,511,217Gross profit3,393,1571,278,844Operating expenses:General and administrative4,918,6302,641,680Selling and marketing2,221,653741,028Research and development685,153-Depreciation and amortization755,449140,480Restructuring charges-283,898Other operating expenses1,093,420484,309Total operating expenses9,674,3054,291,395Loss from continuing operations(6,281,148)(3,012,551)Other income (expense), net:Interest expense(435,128)(23,097)Change in fair value of convertible debt carried at fair value(106,601)-Change in fair value of warrant liability37,257-Arbitration settlement reserve95,125-Other income (expense), net(117,270)(932)Total other income (expense), net(526,617)(24,029)Loss from continuing operations before income taxes(6,807,765)(3,036,580)Income tax benefit-5,027Net loss from continuing operations(6,807,765)(3,031,553)Net income (loss) from discontinued operations1,546,817(1,313,881)Net loss$(5,260,948)$(4,345,434)Comprehensive loss, net of tax:Net loss$(5,260,948)$(4,345,434)Change in foreign currency translation adjustment553,996(6,649)Comprehensive loss$(4,706,952)$(4,352,083)Income (loss) per common share attributable to GameSquare Holdings, Inc. - basic and assuming dilution:From continuing operations$(0.39)$(0.55)From discontinued operations0.09(0.24)Loss per common share attributable to GameSquare Holdings, Inc. - basic and assuming dilution$(0.30)$(0.78)Weighted average common shares outstanding - basic and diluted17,368,5125,557,690Management's use of Non-GAAP MeasuresThis release contains certain financial performance measures, including "EBITDA" and "Adjusted EBITDA," that are not recognized under accounting principles generally accepted in the United States of America ("GAAP") and do not have a standardized meaning prescribed by GAAP. As a result, these measures may not be comparable to similar measures presented by other companies. For a reconciliation of these measures to the most directly comparable financial information presented in the Financial Statements in accordance with GAAP, see the section entitled "Reconciliation of Non-GAAP Measures" below.We believe EBITDA is a useful measure to assess the performance of the Company as it provides more meaningful operating results by excluding the effects of expenses that are not reflective of our underlying business performance and other one-time or non-recurring expenses. We define "EBITDA" as net income (loss) before (i) depreciation and amortization; (ii) income taxes; and (iii) interest expense.Adjusted EBITDAWe believe Adjusted EBITDA is a useful measure to assess the performance of the Company as it provides more meaningful operating results by excluding the effects of expenses that are not reflective of our underlying business performance and other one-time or non-recurring expenses. We define "Adjusted EBITDA" as EBITDA adjusted to exclude extraordinary items, non-recurring items and other non-cash items, including, but not limited to (i) share based compensation expense, (ii) transaction costs related to merger and acquisition activities, (iii) arbitration settlement reserves and other non-recurring legal settlement expenses, (iv) restructuring costs, primarily comprised of employee severance resulting from integration of acquired businesses, (v) impairment of goodwill and intangible assets, (vi) gains and losses on extinguishment of debt, (vii) change in fair value of assets and liabilities adjusted to fair value on a quarterly basis, and (viii) gains and losses from discontinued operations.Reconciliation of Non-GAAP MeasuresA reconciliation of Adjusted EBITDA to the most directly comparable measure determined under US GAAP is set out below.Three months ended March 31,20242023Net loss$(5,260,948)$(4,345,434)Interest expense435,12823,097Income tax benefit-(5,027)Amortization and depreciation755,449140,480Share-based payments419,228565,380Transaction costs1,093,420484,309Arbitration settlement reserve(95,125)-Restructuring costs-283,898Change in fair value of warrant liability(37,257)-Change in fair value of convertible debt carried at fair value106,601-Gain on disposition of subsidiary(3,009,891)-Loss from discontinued operations1,463,0741,313,881Adjusted EBITDA$(4,130,321)$(1,539,416)SOURCE: GameSquare Holdings, Inc.

1 month ago - accesswire.com

FRISCO, TX / ACCESSWIRE / May 17, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), announced today that it expects to release its first quarter 2024 financial results after the close of business on Monday, May 20, 2024. A copy of the news release will be available on the investor website.

1 month ago - accesswire.com

FRISCO, TX / ACCESSWIRE / May 16, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), after recently completing the acquisition of FaZe Clan on March 8, 2024, today announces the formation of FaZe Media. This new company combines the FaZe creator talent roster and non-esports assets into a creator-led IP and internet media company under the leadership of CEO FaZe Banks, an original FaZe Clan founder.

2 months ago - accesswire.com

Live-streaming viewership is up 10% from Q1 2023 to 8.2 billion hours watched FRISCO, TX / ACCESSWIRE / May 2, 2024 / Stream Hatchet, a streaming analytics and business intelligence platform and wholly-owned subsidiary of GameSquare Holdings (NASDAQ:GAME), ("GameSquare", or the "Company"), has published its 2024 first quarter Live-Streaming Trends Report . "The strong growth in Live-Streaming that occurred during the 2024 first quarter, compared to the prior year period is encouraging, especially as trends normalized after the pandemic.

2 months ago - accesswire.com

Exciting New Experience Encourages a Nutritional Lifestyle for Youth, Seamlessly Combining Dietary Education with Engaging Gameplay Strategy FRISCO, TX / ACCESSWIRE / April 30, 2024 / Today, GameSquare Holdings (NASDAQ:GAME)(TSXV:GAME) and Dairy MAX are proud to announce their partnership to launch the UEFN World Building Map Campaign in Fortnite's Farm Tycoon. The Farm Tycoon experience, developed by Moonlight Studios, a GameSquare company powered by the full-service strategy and creative agency Zoned , allows players to step into the shoes of a dairy farmer, building and managing their own farm for success.

2 months ago - accesswire.com

Revenue increased 85% year-over-year to an annual record of $52 million, reflecting the contribution from the Engine Gaming acquisition, and organic growth FRISCO, TX / ACCESSWIRE / April 16, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), today announced financial results for the twelve-months ended December 31, 2023. "2023 was a historic year for GameSquare as we executed against an M&A strategy focused on building a next-generation media business by acquiring industry leading technology, media, and creative assets.

2 months ago - accesswire.com

FRISCO, TX / ACCESSWIRE / April 11, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), announced today that it expects to release its fourth quarter 2023 financial results after the close of business on Tuesday, April 16, 2024. A copy of the news release will be available on the investor website.

3 months ago - accesswire.com

Shares remain listed on the NASDAQ Capital Market FRISCO, TX / ACCESSWIRE / March 28, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), today announced that it has completed the voluntary delisting of its common shares from the TSX Venture Exchange ("TSXV"). Effective at the close of trading on March 28, 2024, GameSquare's common shares are no longer listed and posted for trading on the TSXV.

3 months ago - accesswire.com

Shares will remain listed on the NASDAQ Capital Market GameSquare Amends Convertible Debenture FRISCO, TX / ACCESSWIRE / March 22, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), ("GameSquare", or the "Company"), today announced that it has applied for and received conditional approval for a voluntary delisting of its common shares from the TSX Venture Exchange ("TSXV"). The delisting from the TSXV will not affect the Company's listing on the NASDAQ Capital Market (the "NASDAQ") and GameSquare's shares will continue to trade on the NASDAQ under the symbol "GAME".

3 months ago - zacks.com

GameSquare Holdings, Inc. (GAME) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

3 months ago - accesswire.com

FaZe's Success Builds on Innovative Dual Revenue Model Generating Over $75 Million in Licensed Products LOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / Today, FaZe Clan, one of the most prominent and influential gaming organizations in the world that was recently acquired by next generation media company GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), ("GameSquare", or the "Company"), celebrates their streak of successes, including their wildly popular energy drink FaZe Pop. The product was the number 1 best-selling new energy product in 7Eleven for the year of 2023, and continues to climb higher with its best month of sales to-date in February 2024.

3 months ago - accesswire.com

FRISCO, TX / ACCESSWIRE / March 14, 2024 / Stream Hatchet, a leading provider of data analytics for the live streaming industry and wholly-owned subsidiary of GameSquare Holdings (NASDAQ:GAME)(TSXV:GAME), ("GameSquare") today announced the launch of its AI-powered news platform and a significant website upgrade. Stream Hatchet's new website, streamhatchet.com, elevates traditional news sources by creating a dynamic AI-driven insights hub that delivers daily articles on relevant live streaming, gaming, esports, and social media topics.

3 months ago - accesswire.com

FRISCO, TX / ACCESSWIRE / March 12, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), ("GameSquare", or the "Company"), today announced that the Company will participate at the 36th Annual ROTH Conference held March 17-19, 2024 at the Ritz-Carlton, Laguna Niguel in Dana Point, CA. Investors who would like to schedule a one-on-one meeting with GameSquare's management team are asked to contact their Roth Capital representative.

4 months ago - accesswire.com

Becomes One of the Largest Gaming and Esports Organizations Based on Audience Reach Increased Scale and Expanded Capabilities Creates Next Generation Media Company Positioned to Drive Compelling Outcomes for Creators and Maximize Brand Partners' Return on Investment GameSquare Strengthens Balance Sheet with $10 Million PIPE and Recently Announced Non-Core Asset Sales Returns FaZe Clan's founders: FaZe Banks, FaZe Temperrr, and FaZe Apex to lead the brand and reestablish authenticity FRISCO, TX AND LOS ANGELES, CA / ACCESSWIRE / March 8, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), ("GameSquare", or the "Company"), and FaZe Holdings Inc. (NASDAQ:FAZE) ("FaZe"), today announced the completion of GameSquare's merger with FaZe that was originally announced on October 20, 2023. As a result of the merger, and effective as of the close of trading on March 8, 2024, FaZe's common stock (NASDAQ:FAZE) and FaZe warrants (NASDAQ:FAZEW) will cease trading.

4 months ago - accesswire.com

FRISCO, TX / ACCESSWIRE / March 4, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), ("GameSquare", or the "Company"), today announced that it has received TSXV approval to complete the previously announced sale of NextGen Tech, LLC d/b/a Complexity Gaming ("Complexity") to Global Esports Properties, LLC ("Global Esports") for total consideration of US$10.36 million. Additional details of the transaction can be found in a press release that was issued on March 1, 2024.

4 months ago - accesswire.com

Sale follows a 175+% increase in Complexity's sales from 2021 - 2022 under GameSquare's ownership Transaction is part of GameSquare's asset optimization strategy that is associated with its pending acquisition of FaZe Holdings FRISCO, TX / ACCESSWIRE / March 1, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSX.V:GAME), ("GameSquare", or the "Company"), today announced that it has sold its esports team NextGen Tech, LLC d/b/a Complexity Gaming ("Complexity") to Global Esports Properties, LLC ("Global Esports"), an investor group led by Complexity's founder and CEO Jason Lake for total consideration of US$10.36 million. GameSquare and Complexity signed a Membership Interest Purchase Agreement dated as of March 1, 2024, and the transaction is anticipated to close shortly upon the satisfaction of a closing condition to receive TSXV approval for the transaction.