GameSquare Announces Voluntary Delisting From The TSXV; Shares Will Remain Listed On The Nasdaq Capital Market
Portfolio Pulse from Happy Mohamed
GameSquare Holdings, Inc. announced its voluntary delisting from the TSX Venture Exchange (TSXV) while maintaining its listing on the NASDAQ Capital Market under the symbol 'GAME'. The delisting, effective around March 28, 2024, aims to reduce expenses and administrative efforts, potentially improving liquidity and shareholder value. Additionally, GameSquare received a further investment of $1,000,000 in a convertible debenture, increasing its principal balance to $2,250,000. This amendment, involving a director, is considered a related party transaction but meets exemption criteria under MI 61-101.
March 22, 2024 | 8:23 pm
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GameSquare Holdings, Inc. announces delisting from TSXV to focus on NASDAQ listing and receives additional investment in convertible debenture.
Delisting from TSXV could reduce operational costs and administrative burdens, potentially improving GameSquare's financial health and making its NASDAQ listing more attractive to investors. The additional investment in the convertible debenture indicates confidence from a director and could signal strength to the market, possibly leading to a positive short-term impact on GAME's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100