On March 8, 2024, GameSquare Holdings, Inc. closed the transaction. The company issued a total of 7,194,244 units of the company at a price of CAD 1.39 per unit for the gross proceeds of CAD 9,999,999.16. Each unit consists of one common share of the company and 0.15 of a common share purchase warrant of the company, resulting in a total of 1,079,136 warrants being issued.

Each whole warrant is exercisable for one common share at an exercise price of CAD 1.55 per warrant for a period of five years from the closing date of the Private Placement. The shares of common stock issued pursuant to the Private Placement are subject to a four month hold period under Canadian securities laws expiring four months following the closing date for the Private Placement.