Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GAME | Common Stock | Award | $1M | +719K | +399.83% | $1.39 | 899K | Mar 7, 2024 | Direct | F1, F2 |
holding | GAME | Common Stock | 217K | Mar 7, 2024 | See Footnote | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GAME | Warrants (right to buy) | Award | $150K | +108K | $1.39 | 108K | Mar 7, 2024 | Common Stock | 108K | $1.55 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Substantially concurrently with the consummation of the merger of GameSquare Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of GameSquare Holdings, Inc., a Delaware corporation ("GameSquare") with and into FaZe Holdings, Inc., a Delaware corporation ("FaZe"), with FaZe continuing as the surviving corporation and wholly owned subsidiary of GameSquare, the Issuer entered into subscription agreements with certain investors (the "PIPE Investors") pursuant to which the Company issued to the PIPE Investors an aggregate of 7,194,244 units at purchase price per unit of $1.39 (the "PIPE Financing"), for aggregate gross proceeds of $10.0 million. |
F2 | (Continuation of Footnote 1) Each unit consists of one share of GameSquare Common Stock and a warrant to purchase 0.15 shares of GameSquare Common Stock. As a result, in connection with the PIPE Financing, the Company issued an aggregate of 7,194,224 shares of GameSquare Common Stock and warrants to purchase up to 1,079,136 shares of GameSquare Common Stock (the "PIPE Warrants"). Each whole Pipe Warrant is exercisable for one share of GameSquare Common Stock at an exercise price of $1.55 per share for a period of five years. As one of the PIPE Investors, Stuart D. Porter acquired 719,424 shares of the Issuer's Common Stock for $1.39 per share and 107,914 fully vested and exercisable warrants with a term of five years. |
F3 | Shares are held indirectly by Stuart Porter through Three Curve Capital LP. |