[8-K] GameSquare Holdings, Inc. Reports Material Event

Rhea-AI Filing Summary

Alight, Inc. (ALIT) — Form 4 insider filing

On 7 July 2025, Alight disclosed that director Coretha M. Rushing received 33,783 Class A common-stock restricted stock units (RSUs) on 2 July 2025 under the company’s 2021 Omnibus Share Plan. The RSUs were granted at $0 cost as annual board compensation and are scheduled to vest on 2 July 2026. Following the award, Rushing’s total beneficial ownership increased to 68,676 shares/RSUs, all held directly. No derivative securities were reported, and no shares were sold or otherwise disposed of.

The filing is routine and does not include any financial performance data, option exercises, or sales activity. It simply documents standard director equity compensation and updates ownership totals pursuant to SEC Section 16 reporting requirements.

Positive

• Director increased her equity stake by 33,783 RSUs, aligning board interests marginally closer with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR Routine RSU grant to director; modest size, no sales, neutral impact on share supply.

The 33,783-share RSU award represents standard board remuneration rather than an opportunistic purchase. Although insider acquisitions can signal confidence, the $0 cost and one-year vesting schedule indicate a planned grant rather than market-priced buying. The total post-grant holding of 68,676 shares is immaterial relative to ALIT’s float, so dilution is negligible. With no disposals, the filing conveys no negative governance or liquidity signals, but likewise offers limited positive insight into future fundamentals. Overall, the event is non-material for valuation or near-term stock performance.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7, 2025

GameSquare Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-39389		99-1946435
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

6775 Cowboys Way, Ste. 1335 Frisco, Texas, USA		75034
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (216) 464-6400

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		GAME		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On July 7, 2025, GameSquare Holdings, Inc. (“GameSquare” or the “Company”) delivered notice to ThinkEquity LLC (the “Agent”) that it was suspending and terminating the prospectus supplement, dated June 27, 2025, related to the Company’s common stock, $0.0001 par value per share (the “ATM Prospectus”), issuable pursuant to the terms of the At-The-Market Sales Agreement, dated June 27, 2025 (the “Sales Agreement”), by and between the Company and the Agent. The Company will not make any sales of its common stock pursuant to the Sales Agreement, unless and until a new prospectus or prospectus supplement is filed with the Securities and Exchange Commission. Other than the termination of the ATM Prospectus, the Sales Agreement remains in full force and effect. A copy of the Sales Agreement was filed as Exhibit 1.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 27, 2025. 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GAMESQUARE HOLDINGS, INC.
	(Registrant)
Date: July 7, 2025	By:	/s/ Justin Kenna
	Name:	Justin Kenna
	Title:	Chief Executive Officer and Director

FAQ

How many Alight (ALIT) shares did Director Coretha Rushing acquire?

She received 33,783 restricted stock units on 2 July 2025.

What is the cost basis of the RSU grant reported in the Form 4?

The RSUs were granted at $0, reflecting board compensation rather than an open-market purchase.

When will the newly granted RSUs vest?

The units are scheduled to vest on 2 July 2026.

What is Director Rushing’s total beneficial ownership after the transaction?

Her ownership increased to 68,676 shares/RSUs, all held directly.

Does the Form 4 include any sales or disposals of ALIT shares?

No. The filing only reports an acquisition; no shares were sold or disposed.