FRISCO, TX - In a significant move within the gaming and esports industry, GameSquare Holdings, Inc. (NASDAQ:GAME) (TSXV:GAME) announced today that its stockholders have approved a merger with FaZe Holdings Inc. (NASDAQ:FAZE). The companies expect to finalize the transaction soon, pending the fulfillment of standard closing conditions.
GameSquare, a vertically integrated digital media, entertainment, and technology company, connects global brands with gaming and youth culture audiences through its comprehensive platform. This platform includes a variety of entities such as GCN, a digital media company; Complexity Gaming, an esports organization; and Stream Hatchet, a live streaming analytics service, among others.
The merger with FaZe, a company known for its strong presence in the gaming community and its influential gaming organization, is anticipated to create a combined entity that could leverage the strengths of both companies in the esports and gaming market.
The forward-looking statements provided by GameSquare in their press release indicate that the management expects the merger to have a positive impact on the future financial and operational performance of the combined company. However, these statements are subject to risks, uncertainties, and assumptions, and there can be no guarantee that the anticipated results will be achieved.
Investors and security holders have been directed to read the proxy statement/prospectus filed with the SEC, which contains important information about the proposed transaction. The document is available on the SEC's website and provides a detailed account of the merger's implications, the companies involved, and the interests of their respective directors and executive officers.
The merger has been a topic of discussion since the proxy statement related to the Special Meeting was filed by GameSquare with the Canadian SEDAR+ system on February 1, 2024. The successful stockholder vote marks a critical step towards the completion of the merger.
This transaction is not being presented as an offer of securities or as a solicitation of any vote or approval. It is also not a sale of securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful.
The information in this article is based on a press release statement from GameSquare Holdings, Inc.
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