Blue & Silver reports 9.5% GameSquare stake

Blue & Silver Ventures, Ltd. and Goff Jones Strategic Partners, LLC filed Amendment No. 2 to their Schedule 13D on GameSquare Holdings, Inc., reporting beneficial ownership of 8,955,011 shares of common stock, representing 9.5% of the class.

Rhea-AI Filing Summary

Blue & Silver Ventures, Ltd. and Goff Jones Strategic Partners, LLC filed Amendment No. 2 to their Schedule 13D on GameSquare Holdings, Inc., reporting beneficial ownership of 8,955,011 shares of common stock, representing 9.5% of the class.

The filing explains that the percentage ownership for certain reporting persons decreased by more than 1%, driven by changes in GameSquare’s total shares outstanding and purchases of common stock by the reporting persons. The position includes common shares and warrants held directly by each entity and treats them as a potential "group" under Section 13(d), although group status is expressly not admitted.

Key Figures

Blue & Silver beneficial ownership: 8,955,011 shares Blue & Silver ownership percentage: 9.5% Goff Jones beneficial ownership: 4,964,029 shares +5 more

8 metrics

Blue & Silver beneficial ownership 8,955,011 shares Aggregate beneficially owned by Blue & Silver and related interests

Blue & Silver ownership percentage 9.5% Percent of GameSquare common stock class

Goff Jones beneficial ownership 4,964,029 shares Aggregate beneficially owned by Goff Jones

Goff Jones ownership percentage 5.27% Percent of GameSquare common stock class

Shares outstanding baseline 93,470,215 shares GameSquare common stock outstanding per Definitive Proxy Statement

Blue & Silver direct common shares 3,861,736 shares Common stock held directly by Blue & Silver

Blue & Silver warrants 129,246 shares Common shares issuable upon exercise of warrants held by Blue & Silver

Goff Jones PIPE warrants 647,482 shares Common shares issuable upon exercise of PIPE warrants held by Goff Jones

Key Terms

beneficial ownership, PIPE warrants, Schedule 13D, Rule 13d-3(d)(1)(i), +1 more

5 terms

beneficial ownership financial

"The percentage of class was calculated based on 93,470,215 Common Stock outstanding... assuming the conversion of the warrants... in accordance with Rule 13d-3(d)(1)(i) under the Act."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

PIPE warrants financial

"647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones."

Pipe warrants are option-like securities issued together with a private investment in a publicly traded company that give the holder the right to buy a set number of shares at a fixed price for a limited time. They matter to investors because if holders exercise them the company receives new cash but the total number of shares increases, which can reduce each existing shareholder’s ownership and earnings per share and potentially pressure the stock price—like redeeming coupons that create more pieces of the same pie.

Schedule 13D regulatory

"This Amendment No. 2 amends and supplements the statement on filed on April 21, 2023... by the Reporting Persons relating to the Common Stock."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Rule 13d-3(d)(1)(i) regulatory

"assuming the conversion of the warrants of the Issuer held by the Reporting Persons into Common Stock, in accordance with Rule 13d-3(d)(1)(i) under the Act."

joint filing agreement regulatory

"The agreement among the Reporting Persons to file this Statement jointly in accordance with Rule 13d-1(k)... is filed as Exhibit 99.1."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in GameSquare (GAME) does Blue & Silver Ventures report in this filing?

Blue & Silver Ventures and related entities report beneficial ownership of 8,955,011 shares of GameSquare common stock, representing 9.5% of the class, including both directly held shares and shares issuable upon warrant exercises.

How much GameSquare (GAME) stock does Goff Jones Strategic Partners hold?

Goff Jones Strategic Partners, LLC reports beneficial ownership of 4,964,029 shares of GameSquare common stock, representing 5.27% of the class, including common shares held directly and shares issuable upon the exercise of PIPE warrants.

Why did Blue & Silver and Goff Jones file Amendment No. 2 for GameSquare (GAME)?

They filed Amendment No. 2 to reflect a greater than 1% decrease in the percentage of GameSquare common stock beneficially owned by certain reporting persons, due to changes in outstanding shares and purchases of common stock by those reporting persons.

What is the total number of GameSquare (GAME) shares used to calculate the reported ownership percentages?

The reported ownership percentages are based on 93,470,215 GameSquare common shares outstanding, as stated in the company’s Definitive Proxy Statement dated April 27, 2026, plus shares issuable upon exercise of warrants held by the reporting persons.

How are Blue & Silver’s GameSquare (GAME) holdings structured?

Blue & Silver’s reported beneficial ownership consists of 3,861,736 common shares held directly, 129,246 common shares issuable upon warrant exercise, and an indirect interest in shares and PIPE warrants held by Goff Jones through its limited partner position.

Do Blue & Silver and Goff Jones claim to be a formal group regarding GameSquare (GAME)?

The filing states they may be considered a “group” under Section 13(d)(3) due to their arrangements, but it also clarifies that neither the joint filing nor its contents should be deemed an admission that such a group exists.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 05:32 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

GameSquare Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

36468G103

(CUSIP Number)

Thomas Walker
One Cowboys Way, Suite 100
Frisco, TX, 75034
(972) 497-4900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/22/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 36468G103

1

Name of reporting person

Blue & Silver Ventures, Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,955,011.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,955,011.00

11

Aggregate amount beneficially owned by each reporting person

8,955,011.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.5 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) Consists of (i) 3,861,736 shares of Common Stock held directly by Blue & Silver, (ii) 129,246 shares of Common Stock issuable upon the exercise of warrants held by Blue & Silver, (iii) 4,316,547 shares of Common Stock held directly by Goff Jones and (iv) 647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones. Blue & Silver is a limited partner of Goff Jones and, as a result, may be deemed to share voting and dispositive power over the securities held by Goff Jones. Blue & Silver disclaims beneficial ownership of such securities except to the extent of its pecuniary interest in Goff Jones. (2) The percentage of class was calculated based on 93,470,215 Common Stock outstanding, as reported by the Issuer in its Definitive Proxy Statement filed with the Securities and Exchange Commission on April 27, 2026, and assuming the conversion of the warrants of the Issuer held by the Reporting Persons into Common Stock, in accordance with Rule 13d-3(d)(1)(i) under the Act.

SCHEDULE 13D

CUSIP Number(s): 36468G103

1

Name of reporting person

Goff Jones Strategic Partners, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,964,029.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,964,029.00

11

Aggregate amount beneficially owned by each reporting person

4,964,029.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.27 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) Consists of (i) 4,316,547 shares of Common Stock held directly by Goff Jones and (ii) 647,482 shares of Common Stock issuable upon the exercise of PIPE warrants held by Goff Jones. (2) The percentage of class was calculated based on 93,470,215 Common Stock outstanding, as reported by the Issuer in its Definitive Proxy Statement filed with the Securities and Exchange Commission on April 27, 2026, and assuming the conversion of the warrants of the Issuer held by the Reporting Persons into Common Stock, in accordance with Rule 13d-3(d)(1)(i) under the Act.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001
(b)	Name of Issuer: GameSquare Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 6775 Cowboys Way, Ste. 1335, Frisco, TEXAS , 75034.
Item 1 Comment: This Amendment No. 2 amends and supplements the statement on Schedule 13D filed on April 21, 2023 (the "Original Schedule 13D") as amended by that Schedule 13D/A filed on October 23, 2023 (the "Amended Schedule 13D") by the Reporting Persons (as defined in the Amended Schedule 13D) relating to the Common Stock, par value $0.0001 (the "Common Stock") of GameSquare Holdings, Inc. (the "Issuer"). This Amendment No. 2 is being filed to reflect a greater than 1% decrease in the percentage of Common Stock beneficially owned by certain of the Reporting Persons as a result of (i) changes in the number of outstanding Common Stock of the Issuer and (ii) purchases of Common Stock by certain Reporting Persons. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Original Schedule 13D, as amended by the Amended Schedule 13D. All capitalized terms used in this Amendment No. 2 and not otherwise defined herein shall have the meanings ascribed to such terms in the Original Schedule 13D, as amended by the Amended Schedule 13D.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed jointly by (i) Blue & Silver Ventures, Ltd., a Texas limited partnership ("Blue & Silver") and (ii) Goff Jones Strategic Partners, LLC (f/k/a Goff & Jones Lending Co, LLC), a Delaware limited liability company ("Goff Jones" and, together with Blue & Silver, the "Reporting Persons," and each, a "Reporting Person"). Blue & Silver is in the business of managing private investments and the investment vehicle of the Jones family (as further described below). Goff Jones is principally engaged in the business of investments in securities, including in securities of the Issuer. The agreement among the Reporting Persons to file this Statement jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended (the "Act"), is filed as Exhibit 99.1 to this Schedule 13D/A and is incorporated herein by reference.
(b)	The address of the principal business office of Blue & Silver is One Cowboys Way, Suite 100, Frisco, Texas, 75034. The address of the principal business office of Goff Jones is 3230 Camp Bowie Blvd., Suite 800, Fort Worth, Texas 76107.
(c)	Blue & Silver is controlled by Jerral W. Jones, J. Stephen Jones, Charlotte Jones Anderson and Jerral W. Jones, Jr. (collectively, the "Jones") and Gene Chambers Jones ("Chambers"), each of whom is a limited partner of Blue & Silver. Mr. Jones' principal occupation is owner, president and general manager of the Dallas Cowboys. Each of the Jones' and Chambers is a citizen of the United States of America. Each of the Reporting Persons files this Schedule 13D/A jointly. The Reporting Persons are filing this Statement jointly, as they may be considered a "group" under Section 13(d)(3) of the Act. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists. For a description of the relationship between the Reporting Persons, see this Item 2 and Item 5 below.
(d)	During the last five years, none of the Reporting Persons nor either of the Jones' and Chambers has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons nor either of the Jones' and Chambers has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree of final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	See item 6 of the cover pages. Each of the Jones' and Chambers are citizens of the United States.
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Persons to rows 7 through 13 on the cover pages of this Schedule 13D are incorporated by reference herein.
(b)	The responses of the Reporting Persons to rows 7 through 13 on the cover pages of this Schedule 13D are incorporated by reference herein.
(c)	The transactions in the Issuer's shares by the Reporting Persons during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	99.1 - Joint Filing Agreement between Blue & Silver Ventures, LTD. and Goff Jones Strategic Partners, LLC.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Blue & Silver Ventures, Ltd.

Signature:	/s/ Thomas Walker
Name/Title:	Thomas Walker, Assistant Treasurer
Date:	04/27/2026

Goff Jones Strategic Partners, LLC

Signature:	/s/ Thomas Walker
Name/Title:	Thomas Walker, Authorized Signatory
Date:	04/27/2026