Welcome to our dedicated page for GameSquare Holdings news (Ticker: GAME), a resource for investors and traders seeking the latest updates and insights on GameSquare Holdings stock.
GameSquare Holdings, Inc. (NASDAQ: GAME) is an innovative, vertically integrated digital media, entertainment, and technology company connecting global brands with gaming and youth culture audiences. Through its comprehensive platform, GameSquare offers an array of services including marketing and creative functions, data and analytics solutions, and widespread brand amplification efforts, primarily through FaZe Clan—one of the most iconic gaming organizations worldwide.
The company's subsidiaries include Gaming Community Network (GCN), Swingman LLC (dba Zoned), and Code Red Esports Ltd., which collectively span across pivotal markets in the United Kingdom, the USA, and Spain. The company's operations generate most of their revenue within the USA and encompass diverse revenue streams from teams, agency services, and SaaS plus advertising.
In recent years, GameSquare has made significant strides in expanding its portfolio and optimizing its business model. Notable achievements include the acquisition of FaZe Clan, a trailblazer in the gaming and esports industry, and Engine Gaming, resulting in substantial revenue growth and brand synergy. Their association with high-profile brands like Porsche, McDonald's, and Nike, among others, has cemented their influence in the media and gaming domains.
GameSquare's mission is to bridge the gap between brands and the elusive Gen Z, Gen Alpha, and Millennial demographics. They endeavor to deliver award-winning marketing and creative services, utilizing their robust platform to enhance brand awareness and drive impactful outcomes for creators. With Dallas Cowboys owner Jerry Jones and the Goff family as their largest investors, GameSquare continues to revolutionize the landscape of digital media and immersive entertainment.
Among their recent successes, FaZe Clan's product line, including the best-selling FaZe Pop energy drink, has demonstrated significant market penetration and revenue generation, achieving over $75 million in co-branded product revenue. Partnerships with leading brands have further enhanced FaZe Clan's global reach and influence.
GameSquare's financial health reflects positive growth, with an 85% year-over-year revenue increase, driven by both organic growth and strategic acquisitions. The company remains focused on executing its growth strategy, optimizing operations, and enhancing shareholder value.
Stay updated with the latest news and developments by visiting GameSquare's website and following them on social media platforms.
Engine Media Holdings, Inc. (NASDAQ: GAME) will change its name to Engine Gaming and Media, Inc. effective October 19, 2021, as filed with the TSX Venture Exchange. This rebranding aims to better reflect the company's focus on gaming, as its subsidiaries include major gaming platforms like WinView, UMG, Eden, and Stream Hatchet. CEO Lou Schwartz emphasizes the name change as a step to highlight the company's gaming identity within the industry. The name change is subject to final acceptance by the TSXV.
Engine Media Holdings (NASDAQ: GAME) has initiated a formal process to explore strategic alternatives for its subsidiary, Eden Games. The decision stems from the belief that the current share price does not accurately reflect the company's value, particularly the potential of Eden Games, a leading studio in motorsports gaming. CEO Lou Schwartz emphasized that the strategic review could unveil new opportunities for the company and its shareholders, although no assurances of a definitive outcome have been provided.
Engine Media Holdings (NASDAQ: GAME) has announced plans to file a Normal Course Issuer Bid (NCIB) with the TSX Venture Exchange, allowing the company to purchase its outstanding shares. The NCIB, subject to TSXV approval, will last for up to 12 months or until the maximum number of shares is acquired. The company aims to enhance shareholder value by repurchasing shares it believes are undervalued. Canaccord Genuity will act as the broker for this initiative, which is designed to reflect the company's underlying value and future prospects.
Engine Media Holdings (NASDAQ: GAME) has received a ruling from an Ontario arbitrator confirming the completion of its acquisition of Allinsports, a motorsport simulator manufacturer. The decision mandates the issuance of 966,667 common shares to Allinsports shareholders as per the acquisition agreement. Engine Media is currently reviewing the ruling for further options and remedies. This development is crucial as it ensures the fulfillment of obligations to Allinsports shareholders, potentially affecting the company’s stock performance moving forward.
Engine Media Holdings, Inc. (NASDAQ: GAME) announced it has not issued shares under its 'at-the-market' equity offering program due to unfavorable market conditions. The decision to refrain from using the ATM Offering reflects the company's intent to reassess its financing options moving forward. Engine provides a range of esports/sports gaming solutions and data analytics, aiming to enhance its direct-to-consumer services and partnerships.
Engine Media Holdings, Inc. (NASDAQ: GAME) has announced a partnership between its subsidiary WinView Games and 680 The Fan, a leading Atlanta sports radio station. This collaboration aims to enhance listener engagement through interactive live games of skill tied to broadcasts, including Braves and Falcons games. The initiative marks a unique opportunity for audience interaction and is designed to promote WinView contests while boosting fan engagement. This partnership is part of Engine Media's growth strategy and may extend to future collaborations with other media platforms.
Engine Media Holdings (NASDAQ:GAME) announced its participation in Noble Capital Markets' C-Suite Interview Series. CEO Lou Schwartz and Executive Chairman Tom Rogers discussed Engine's role in esports and sports gaming, emphasizing their unique data and marketing services. They highlighted Engine's subsidiaries, recent acquisition of Sideqik, and the company’s patent portfolio linked to esports. The interview also addressed the significant revenue multiple discount at which Engine is trading compared to peers in the sector. This insights-rich session was recorded on September 9, 2021.
Engine Media Holdings, Inc. (NASDAQ: GAME) announced its partnership with ICR, LLC for investor relations from June 1, 2021, to December 31, 2021, at $15,000 monthly. This relationship aims to enhance investor connectivity and communication.
The company also disclosed two Shares for Services Agreements with executives Jeremy Haile and Tremain McGlown, allowing for equity compensation based on revenue targets achieved by Sideqik, Inc. Shareholder approval for these agreements is sought at the September 29, 2021 meeting.
Engine Media Holdings (NASDAQ: GAME) has partnered with wrestling icon Ric Flair for the inaugural Pre-Slam Livestream Party on August 21, 2021, from 7-8 PM ET. Flair will give fans an insider's tour of his home, engage in trivia for $10,000 in cash prizes, and promote the Watch, Predict, Win Challenge starting immediately after the livestream, offering $1,000 in prizes. The event's ticket costs $2.99, with part of the proceeds benefiting the ALS Association. Engine focuses on engaging consumers through innovative gaming solutions.
Engine Media Holdings has announced an at-the-market Equity Distribution Agreement with Canaccord Genuity LLC, enabling the company to issue up to US$50 million in common shares to support ongoing business activities. Sales will commence at the company’s discretion through April 2023, with net proceeds allocated for working capital and corporate purposes. The company has no obligation to sell any shares. This follows the filing of a prospectus supplement on August 10, 2021, under a previously effective registration statement.
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