GameSquare Announces Completion of Voluntary Delisting from the TSXV on March 28, 2024
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Insights
The delisting of GameSquare Holdings, Inc. from the TSX Venture Exchange (TSXV) is a strategic move that can have various implications for the company's market perception and capital raising strategies. Delisting from a smaller exchange like the TSXV could suggest a consolidation of trading venues, potentially aimed at focusing investor attention on a more prominent platform such as the NASDAQ. This could improve liquidity and reduce the complexity associated with being listed on multiple exchanges.
However, it's important to note that the TSXV often serves as a growth platform for smaller or emerging companies. By delisting from TSXV, GameSquare may be signaling confidence in its growth prospects and financial stability. For current and potential investors, the simplification of the trading platform could be seen as a positive sign, indicating that the company is streamlining operations and may be positioning itself for future growth initiatives.
GameSquare's decision to delist from the TSX Venture Exchange and retain its NASDAQ listing is a financial strategy that could have cost implications. Maintaining a listing on multiple exchanges incurs additional regulatory compliance costs and administrative burdens. By delisting from TSXV, GameSquare may be looking to optimize its financial resources, reallocating funds that would have been spent on dual-listing expenses towards other areas of the business.
From an investment perspective, the delisting should be scrutinized in the context of the company's overall financial health. Investors should examine GameSquare's recent financial statements and performance indicators to assess whether this move aligns with a broader cost-saving strategy and if it could potentially enhance shareholder value in the long term.
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.
The delisting from the TSXV does not affect the Company's listing on the NASDAQ Capital Market (the "NASDAQ") and GameSquare's shares continue to trade on the NASDAQ under the symbol "GAME".
About 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 Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian and United States 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 closing of the proposed transaction, the Company's future performance and revenue; the Company's ability to execute its business plan; and the proposed use of net proceeds of the transaction. 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 being able to grow its business and being able to execute on its business plan, 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 support 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Corporate Contact
Lou Schwartz, President
Phone: (216) 464-6400
Email: ir@gamesquare.com
Investor Relations
Andrew Berger
Phone: (216) 464-6400
Email: ir@gamesquare.com
Media Relations
Chelsey Northern / The Untold
Phone: (254) 855-4028
Email: pr@gamesquare.com
SOURCE: GameSquare Holdings, Inc.
View the original press release on accesswire.com
FAQ
Why did GameSquare Holdings, Inc. delist its common shares from the TSX Venture Exchange?
When did GameSquare Holdings, Inc. complete the delisting process?
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