Family investment entities report 9.5% GameSquare (NASDAQ: GAME) stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Blue & Silver Ventures, Ltd. and Goff Jones Strategic Partners, LLC filed Amendment No. 2 to their Schedule 13D on GameSquare Holdings, Inc., reporting beneficial ownership of 8,955,011 shares of common stock, representing 9.5% of the class.
The filing explains that the percentage ownership for certain reporting persons decreased by more than 1%, driven by changes in GameSquare’s total shares outstanding and purchases of common stock by the reporting persons. The position includes common shares and warrants held directly by each entity and treats them as a potential "group" under Section 13(d), although group status is expressly not admitted.
Positive
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Key Figures
Blue & Silver beneficial ownership: 8,955,011 shares
Blue & Silver ownership percentage: 9.5%
Goff Jones beneficial ownership: 4,964,029 shares
+5 more
8 metrics
Blue & Silver beneficial ownership
8,955,011 shares
Aggregate beneficially owned by Blue & Silver and related interests
Blue & Silver ownership percentage
9.5%
Percent of GameSquare common stock class
Goff Jones beneficial ownership
4,964,029 shares
Aggregate beneficially owned by Goff Jones
Goff Jones ownership percentage
5.27%
Percent of GameSquare common stock class
Shares outstanding baseline
93,470,215 shares
GameSquare common stock outstanding per Definitive Proxy Statement
Blue & Silver direct common shares
3,861,736 shares
Common stock held directly by Blue & Silver
Blue & Silver warrants
129,246 shares
Common shares issuable upon exercise of warrants held by Blue & Silver
Goff Jones PIPE warrants
647,482 shares
Common shares issuable upon exercise of PIPE warrants held by Goff Jones
Key Terms
beneficial ownership, PIPE warrants, Schedule 13D, Rule 13d-3(d)(1)(i), +1 more
5 terms
beneficial ownership financial
"The percentage of class was calculated based on 93,470,215 Common Stock outstanding... assuming the conversion of the warrants... in accordance with Rule 13d-3(d)(1)(i) under the Act."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
PIPE warrants financial
"647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones."
Pipe warrants are option-like securities issued together with a private investment in a publicly traded company that give the holder the right to buy a set number of shares at a fixed price for a limited time. They matter to investors because if holders exercise them the company receives new cash but the total number of shares increases, which can reduce each existing shareholder’s ownership and earnings per share and potentially pressure the stock price—like redeeming coupons that create more pieces of the same pie.
Schedule 13D regulatory
"This Amendment No. 2 amends and supplements the statement on filed on April 21, 2023... by the Reporting Persons relating to the Common Stock."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Rule 13d-3(d)(1)(i) regulatory
"assuming the conversion of the warrants of the Issuer held by the Reporting Persons into Common Stock, in accordance with Rule 13d-3(d)(1)(i) under the Act."
joint filing agreement regulatory
"The agreement among the Reporting Persons to file this Statement jointly in accordance with Rule 13d-1(k)... is filed as Exhibit 99.1."
FAQ
What stake in GameSquare (GAME) does Blue & Silver Ventures report in this filing?
Blue & Silver Ventures and related entities report beneficial ownership of 8,955,011 shares of GameSquare common stock, representing 9.5% of the class, including both directly held shares and shares issuable upon warrant exercises.
How much GameSquare (GAME) stock does Goff Jones Strategic Partners hold?
Goff Jones Strategic Partners, LLC reports beneficial ownership of 4,964,029 shares of GameSquare common stock, representing 5.27% of the class, including common shares held directly and shares issuable upon the exercise of PIPE warrants.
Why did Blue & Silver and Goff Jones file Amendment No. 2 for GameSquare (GAME)?
They filed Amendment No. 2 to reflect a greater than 1% decrease in the percentage of GameSquare common stock beneficially owned by certain reporting persons, due to changes in outstanding shares and purchases of common stock by those reporting persons.
How are Blue & Silver’s GameSquare (GAME) holdings structured?
Blue & Silver’s reported beneficial ownership consists of 3,861,736 common shares held directly, 129,246 common shares issuable upon warrant exercise, and an indirect interest in shares and PIPE warrants held by Goff Jones through its limited partner position.
Do Blue & Silver and Goff Jones claim to be a formal group regarding GameSquare (GAME)?
The filing states they may be considered a “group” under Section 13(d)(3) due to their arrangements, but it also clarifies that neither the joint filing nor its contents should be deemed an admission that such a group exists.