Business
GameSquare Receives Final Court Approval for Arrangement with Engine Gaming and Media
TORONTO, ON / ACCESSWIRE / March 14, 2023 / GameSquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF)(FRA:29Q1) ("GameSquare", or the "Company") and Engine Gaming and
About this update from Gamesquare Holdings, Inc.
[{"type":"text","content":"TORONTO, ON / ACCESSWIRE / March 14, 2023 / GameSquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF)(FRA:29Q1) (\"GameSquare\", or the \"Company\") and Engine Gaming and Media, Inc. (NASDAQ:GAME)(TSXV:GAME) (\"Engine Gaming\") announced today that they have received approval from the Ontario Superior Court of Justice (Commercial List), to complete the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the \"Arrangement\") pursuant to which Engine Gaming will acquire all of the issued and outstanding common shares of GameSquare (the \"GameSquare Shares\") at an exchange ratio of 0.08262 of an Engine Gaming common share for each GameSquare Share.The Arrangement was previously approved by shareholders of both GameSquare and Engine Gaming and remains subject to the satisfaction or waiver of the closing conditions contained in the arrangement agreement. Upon closing of the transaction, GameSquare shareholders are expected to own approximately 60% of combined company, and Engine Gaming shareholders are expected to own approximately 40% of the combined company, which will trade on the NASDAQ and TSX Venture Exchange under Engine Gaming's ticker symbol \"GAME.\" The combined entity is expected to change its name to \"GameSquare, Inc.\" and retain the \"GameSquare\" brand globally.About GameSquare Esports Inc.GameSquare Esports Inc. is a vertically integrated, international digital media and entertainment company enabling global brands to connect and interact with gaming and esports fans. GameSquare owns a portfolio of companies including Code Red Esports Ltd., an esports talent agency serving the UK, GCN, a digital media company focusing on the gaming and esports audience based in Los Angeles, USA., NextGen Tech, LLC (dba as Complexity Gaming), a leading esports organization operating in the United States, Swingman LLC (dba ZONED), a gaming and lifestyle marketing agency based in Los Angeles, USA, Fourth Frame Studios, a multidisciplinary creative production studio, and Mission Supply, a merchandise and consumer products business. The Company is headquartered in Toronto, Canada.About Engine Gaming and Media, Inc.Engine Gaming and Media, Inc. (NASDAQ: GAME) (TSXV: GAME) provides unparalleled live streaming data and social analytics, influencer relationship management and monetization, and programmatic advertisi...