GAMESQUARE HLDGS INC Stock Price, News & Analysis

Engine Gaming and Media (NASDAQ: GAME) will release its fiscal year financial results for the year ending August 31, 2021, on November 23, 2021. A conference call will follow at 4:30 p.m. ET to discuss the results in detail. Financial statements will be made available on November 26, 2021. Engine Gaming is focused on providing esports and sports gaming solutions, generating revenue through various channels including direct-to-consumer and subscription fees.

Engine Gaming and Media (NASDAQ: GAME, TSX-V: GAME) announced the acceptance of its Notice of Intention to implement a normal course issuer bid (NCIB) by the TSX Venture Exchange. The Company plans to buy back up to 777,165 common shares (approximately 5% of its outstanding shares) over the next 12 months, from November 1, 2021, to October 31, 2022. This initiative aims to enhance shareholder value as the Company believes its market price may not reflect its underlying business value. All shares purchased will be cancelled.

Engine Media Holdings has renewed its brand partnership with Gears Esports, led by its subsidiary UMG Gaming. This collaboration will involve Logitech's ASTRO Gaming, Logitech Esports Services, and Blue Microphones for the 2021-2022 season, starting in October 2021. UMG will manage all league operations and production, building on its success from the 2020-2021 season, which saw record viewership. The partnership aims to enhance event production and social media engagement within the Gears community.

Engine Media Holdings, Inc. (NASDAQ: GAME) will change its name to Engine Gaming and Media, Inc. effective October 19, 2021, as filed with the TSX Venture Exchange. This rebranding aims to better reflect the company's focus on gaming, as its subsidiaries include major gaming platforms like WinView, UMG, Eden, and Stream Hatchet. CEO Lou Schwartz emphasizes the name change as a step to highlight the company's gaming identity within the industry. The name change is subject to final acceptance by the TSXV.

Engine Media Holdings (NASDAQ: GAME) has initiated a formal process to explore strategic alternatives for its subsidiary, Eden Games. The decision stems from the belief that the current share price does not accurately reflect the company's value, particularly the potential of Eden Games, a leading studio in motorsports gaming. CEO Lou Schwartz emphasized that the strategic review could unveil new opportunities for the company and its shareholders, although no assurances of a definitive outcome have been provided.

Engine Media Holdings (NASDAQ: GAME) has announced plans to file a Normal Course Issuer Bid (NCIB) with the TSX Venture Exchange, allowing the company to purchase its outstanding shares. The NCIB, subject to TSXV approval, will last for up to 12 months or until the maximum number of shares is acquired. The company aims to enhance shareholder value by repurchasing shares it believes are undervalued. Canaccord Genuity will act as the broker for this initiative, which is designed to reflect the company's underlying value and future prospects.

Engine Media Holdings (NASDAQ: GAME) has received a ruling from an Ontario arbitrator confirming the completion of its acquisition of Allinsports, a motorsport simulator manufacturer. The decision mandates the issuance of 966,667 common shares to Allinsports shareholders as per the acquisition agreement. Engine Media is currently reviewing the ruling for further options and remedies. This development is crucial as it ensures the fulfillment of obligations to Allinsports shareholders, potentially affecting the company’s stock performance moving forward.

Engine Media Holdings, Inc. (NASDAQ: GAME) announced it has not issued shares under its 'at-the-market' equity offering program due to unfavorable market conditions. The decision to refrain from using the ATM Offering reflects the company's intent to reassess its financing options moving forward. Engine provides a range of esports/sports gaming solutions and data analytics, aiming to enhance its direct-to-consumer services and partnerships.

Engine Media Holdings, Inc. (NASDAQ: GAME) has announced a partnership between its subsidiary WinView Games and 680 The Fan, a leading Atlanta sports radio station. This collaboration aims to enhance listener engagement through interactive live games of skill tied to broadcasts, including Braves and Falcons games. The initiative marks a unique opportunity for audience interaction and is designed to promote WinView contests while boosting fan engagement. This partnership is part of Engine Media's growth strategy and may extend to future collaborations with other media platforms.