GameSquare Holdings, Inc. Form SCHEDULE 13D — Nov 9, 2026
Credenza, Inc. filed a Schedule 13D disclosing beneficial ownership of 979,095 shares of GameSquare Holdings common stock, equal to 5.40% of the 18,131,385 shares outstanding as of October 26, 2026. The shares were received as consideration in the FanEngine asset-contribution transaction that closed the same day, with no cash paid by Credenza. Under the Contribution Agreement, GameSquare issued 5,439,416 shares (30% of post-closing outstanding stock, after its 1-for-8 reverse split) to FanEngine seller securityholders, plus earnouts of up to 10% more shares on revenue milestones and up to $50 million in cash tied to Earnout Net Income for 2027 and 2028.
Key figures
- Shares Outstanding
- 18131385
- Khaund Awards
- 83,700 RSUs and options to purchase 83,700 shares
- Cash Earnout Max
- $50 million
- Percent Of Class
- 5.4%
- Share Earnout Max
- 10% of outstanding common stock (two 5% tranches)
- Filer Pro Rata Share
- 18.00%
- Reverse Split Ratio
- 1:8
- Seller Issuance Percent
- 30%
- Shares Issued To Sellers
- 5439416
- Beneficially Owned Shares
- 979095
AI analysis
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