STOCK TITAN

Family investment entities report 9.5% GameSquare (NASDAQ: GAME) stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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

  • None.

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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
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."
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36468G103

(CUSIP Number)
Thomas Walker
One Cowboys Way, Suite 100
Frisco, TX, 75034
(972) 497-4900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/22/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Consists of (i) 3,861,736 shares of Common Stock held directly by Blue & Silver, (ii) 129,246 shares of Common Stock issuable upon the exercise of warrants held by Blue & Silver, (iii) 4,316,547 shares of Common Stock held directly by Goff Jones and (iv) 647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones. Blue & Silver is a limited partner of Goff Jones and, as a result, may be deemed to share voting and dispositive power over the securities held by Goff Jones. Blue & Silver disclaims beneficial ownership of such securities except to the extent of its pecuniary interest in Goff Jones. (2) The percentage of class was calculated based on 93,470,215 Common Stock outstanding, as reported by the Issuer in its Definitive Proxy Statement filed with the Securities and Exchange Commission on April 27, 2026, and 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Consists of (i) 4,316,547 shares of Common Stock held directly by Goff Jones and (ii) 647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones. (2) The percentage of class was calculated based on 93,470,215 Common Stock outstanding, as reported by the Issuer in its Definitive Proxy Statement filed with the Securities and Exchange Commission on April 27, 2026, and 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.


SCHEDULE 13D


Blue & Silver Ventures, Ltd.
Signature:/s/ Thomas Walker
Name/Title:Thomas Walker, Assistant Treasurer
Date:04/27/2026
Goff Jones Strategic Partners, LLC
Signature:/s/ Thomas Walker
Name/Title:Thomas Walker, Authorized Signatory
Date:04/27/2026

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.

What is the total number of GameSquare (GAME) shares used to calculate the reported ownership percentages?

The reported ownership percentages are based on 93,470,215 GameSquare common shares outstanding, as stated in the company’s Definitive Proxy Statement dated April 27, 2026, plus shares issuable upon exercise of warrants held by the 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.