GameSquare Holdings Completes Recur Acquisition
Ticker: GAME · Form: 8-K · Filed: May 16, 2024 · CIK: 1714562
Sentiment: neutral
Topics: acquisition, web3, definitive-agreement
TL;DR
GameSquare just bought Recur, Inc. on May 15, 2024, bringing Web3 tech into the fold.
AI Summary
GameSquare Holdings, Inc. announced the completion of its acquisition of Recur, Inc. on May 15, 2024. This strategic move aims to integrate Recur's digital collectible and Web3 technology into GameSquare's existing operations. The company also disclosed its financial statements and exhibits related to this transaction.
Why It Matters
This acquisition signifies GameSquare's expansion into Web3 technologies and digital collectibles, potentially opening new revenue streams and enhancing its market position in the gaming and entertainment sectors.
Risk Assessment
Risk Level: medium — The integration of a new technology company like Recur carries inherent risks related to execution, market adoption, and potential regulatory changes in the Web3 space.
Key Players & Entities
- GameSquare Holdings, Inc. (company) — Registrant
- Recur, Inc. (company) — Acquired Company
- May 15, 2024 (date) — Completion Date of Acquisition
FAQ
What was the primary purpose of GameSquare Holdings, Inc.'s filing on May 16, 2024?
The primary purpose was to report the entry into a material definitive agreement, the completion of an acquisition, and Regulation FD disclosures, specifically related to the acquisition of Recur, Inc.
When was the acquisition of Recur, Inc. by GameSquare Holdings, Inc. completed?
The acquisition of Recur, Inc. was completed on May 15, 2024.
What is GameSquare Holdings, Inc.'s former company name?
GameSquare Holdings, Inc. was formerly known as Engine Gaming & Media, Inc., Engine Media Holdings, Inc., and Torque Esports Corp.
What is the business address of GameSquare Holdings, Inc.?
The business address of GameSquare Holdings, Inc. is 6775 Cowboys Way, Ste. 1335, Frisco, TX 75034.
What standard industrial classification does GameSquare Holdings, Inc. fall under?
GameSquare Holdings, Inc. falls under the Services-Amusement & Recreation Services [7900] standard industrial classification.
Filing Stats: 1,713 words · 7 min read · ~6 pages · Grade level 12.7 · Accepted 2024-05-16 17:14:31
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share GAME The Nasdaq
- $11.0 million — edia for an aggregate purchase price of $11.0 million. In connection with the Contribution
Filing Documents
- form8-k.htm (8-K) — 55KB
- ex2-1.htm (EX-2.1) — 336KB
- ex10-1.htm (EX-10.1) — 81KB
- ex10-2.htm (EX-10.2) — 133KB
- ex99-1.htm (EX-99.1) — 20KB
- 0001493152-24-020298.txt ( ) — 914KB
- game-20240515.xsd (EX-101.SCH) — 3KB
- game-20240515_lab.xml (EX-101.LAB) — 33KB
- game-20240515_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GAMESQUARE HOLDINGS, INC. Date: May 16, 2024 By: /s/ Justin Kenna Name: Justin Kenna Title: Chief Executive Officer and Director