Business
GameSquare Announces Completion of Arrangement
Creates an unparalleled gaming, esports, and media company, connecting global brands with gaming and youth culture audiencesGameSquare now trades on the
About this update from Gamesquare Holdings, Inc.
[{"type":"text","content":"Creates an unparalleled gaming, esports, and media company, connecting global brands with gaming and youth culture audiencesGameSquare now trades on the Nasdaq Capital Markets and TSX Venture Exchange under the symbol GAMETORONTO, ON / ACCESSWIRE / April 11, 2023 / GameSquare Holdings, Inc. (formerly Engine Gaming and Media, Inc., \"GameSquare\", or the \"Company\") (NASDAQ:GAME)(TSXV:GAME) announced today that it has completed its previously announced plan of arrangement (the \"Arrangement\") with GameSquare Esports Inc. (\"GSQ\"), resulting in the Company acquiring all of the issued and outstanding securities of GSQ. As a result of the completion of the Arrangement, GSQ common shares have been halted from trading on the Canadian Securities Exchange and will be subsequently delisted. The combined entity is now known as GameSquare Holdings, Inc. with shares traded on the Nasdaq Capital Market and TSX Venture Exchange under the ticker symbol GAME. \"We believe that the combination of GameSquare and Engine Gaming creates a leading gaming, esports, and media company,\" said Justin Kenna, Chief Executive Officer of GameSquare.\"With a powerful end-to-end platform comprising media, esports, creative and technology assets, we believe that we have created unmatched capabilities to help connect global brands with gaming and youth culture audiences.\"Mr. Kenna continued, \"I am excited by the long-term opportunities we are pursuing to accelerate growth and drive higher recurring revenue. Our strong infrastructure, leading personalities and influencers (including Tyler \"Ninja\" Blevins, TimTheTatman, and The Baka Bros), and an audience of over 290 million unique followers create meaningful value for our global customer base. As a result, we believe there is significant potential to deepen relationships with our global customer roster. I'm thrilled by the direction we are headed and I look forward to updating shareholders on our success as we focus on integrating the two companies, accelerating sales growth, and driving profitability.\"Tom Rogers, Executive Chairman of GameSquare, added, \"We believe the newly merged company solves three major challenges for marketers - traditional media no longer delivers youth audiences at scale; digital advertising is now far less effective in finding younger audiences, and gaming audiences in particul...