[6-K/A] SK Telecom Co., Ltd. American Amended Current Report (Foreign Issuer)
On June 27, 2025, GameSquare Holdings, Inc. ("GameSquare") entered into an At-The-Market (ATM) Sales Agreement with ThinkEquity LLC that permits the company to issue and sell, from time to time, up to $9.25 million of its common stock (par value $0.0001) under ticker GAME. The shares will be offered pursuant to the company’s effective shelf registration statement on Form S-3 (File No. 333-285543) and a prospectus supplement filed the same day.
Sales will be made by the Agent as ordinary brokerage transactions deemed an “at-the-market offering” under Rule 415(a)(4). GameSquare is under no obligation to sell any shares; each sale requires a placement notice from the company. Either party may terminate the agreement at any time under the specified conditions.
GameSquare will pay ThinkEquity commissions of up to 3 % of gross proceeds and has provided customary indemnification and contribution rights. Legal opinions and related consents from Baker & Hostetler LLP are included as Exhibits 5.1 and 23.1.
No additional financial results, operational changes, or other material agreements were disclosed in this Form 8-K.
Il 27 giugno 2025, GameSquare Holdings, Inc. ("GameSquare") ha stipulato un Accordo di Vendita At-The-Market (ATM) con ThinkEquity LLC che consente alla società di emettere e vendere, di volta in volta, fino a 9,25 milioni di dollari del proprio capitale sociale ordinario (valore nominale $0,0001) con il ticker GAME. Le azioni saranno offerte ai sensi della dichiarazione di registrazione a scaffale efficace della società sul modulo S-3 (File No. 333-285543) e di un supplemento al prospetto depositato lo stesso giorno.
Le vendite saranno effettuate dall’Agente come normali operazioni di intermediazione, considerate un “offerta at-the-market” ai sensi della Regola 415(a)(4). GameSquare non è obbligata a vendere alcuna azione; ogni vendita richiede una comunicazione di collocamento da parte della società. Entrambe le parti possono recedere dall’accordo in qualsiasi momento secondo le condizioni specificate.
GameSquare corrisponderà a ThinkEquity commissioni fino al 3% dei proventi lordi e ha fornito diritti consueti di indennizzo e contributo. Pareri legali e consensi correlati di Baker & Hostetler LLP sono inclusi come Allegati 5.1 e 23.1.
Non sono stati divulgati ulteriori risultati finanziari, cambiamenti operativi o altri accordi rilevanti in questo modulo 8-K.
El 27 de junio de 2025, GameSquare Holdings, Inc. ("GameSquare") firmó un Acuerdo de Venta At-The-Market (ATM) con ThinkEquity LLC que permite a la empresa emitir y vender, de vez en cuando, hasta 9,25 millones de dólares de sus acciones ordinarias (valor nominal $0.0001) bajo el símbolo bursátil GAME. Las acciones se ofrecerán conforme a la declaración de registro en estantería vigente de la empresa en el Formulario S-3 (Archivo No. 333-285543) y un suplemento de prospecto presentado el mismo día.
Las ventas serán realizadas por el Agente como transacciones ordinarias de corretaje consideradas una “oferta at-the-market” bajo la Regla 415(a)(4). GameSquare no está obligada a vender acciones; cada venta requiere un aviso de colocación por parte de la empresa. Cualquiera de las partes puede rescindir el acuerdo en cualquier momento bajo las condiciones especificadas.
GameSquare pagará a ThinkEquity comisiones de hasta el 3% de los ingresos brutos y ha proporcionado derechos habituales de indemnización y contribución. Opiniones legales y consentimientos relacionados de Baker & Hostetler LLP están incluidos como Anexos 5.1 y 23.1.
No se divulgaron resultados financieros adicionales, cambios operativos u otros acuerdos materiales en este Formulario 8-K.
2025년 6월 27일, GameSquare Holdings, Inc.("GameSquare")는 ThinkEquity LLC와 시장가 판매(ATM) 계약을 체결하여 회사가 시기에 따라 최대 925만 달러 상당의 보통주(액면가 $0.0001)를 티커 GAME로 발행 및 판매할 수 있도록 허용했습니다. 해당 주식은 회사의 유효한 선등록 명세서인 Form S-3(파일 번호 333-285543)와 같은 날 제출된 투자설명서 보충서에 따라 제공됩니다.
판매는 중개인에 의해 일반 중개 거래로 이루어지며, Rule 415(a)(4)에 따른 '시장가 제공'으로 간주됩니다. GameSquare는 주식을 판매할 의무가 없으며, 각 판매는 회사의 배치 통지가 필요합니다. 양 당사자는 명시된 조건에 따라 언제든지 계약을 종료할 수 있습니다.
GameSquare는 ThinkEquity에 총 수익의 최대 3%까지 수수료를 지급하며, 관례적인 보상 및 분담 권리를 제공했습니다. Baker & Hostetler LLP의 법률 의견서 및 관련 동의서는 부속서 5.1 및 23.1에 포함되어 있습니다.
본 Form 8-K에서는 추가 재무 결과, 운영 변경 또는 기타 중요한 계약이 공개되지 않았습니다.
Le 27 juin 2025, GameSquare Holdings, Inc. (« GameSquare ») a conclu un contrat de vente At-The-Market (ATM) avec ThinkEquity LLC, permettant à la société d’émettre et de vendre, de temps à autre, jusqu’à 9,25 millions de dollars de ses actions ordinaires (valeur nominale 0,0001 $) sous le symbole GAME. Les actions seront proposées conformément à la déclaration d’enregistrement en vigueur sur formulaire S-3 (dossier n° 333-285543) et à un supplément de prospectus déposé le même jour.
Les ventes seront réalisées par l’agent en tant que transactions ordinaires de courtage considérées comme une « offre at-the-market » selon la règle 415(a)(4). GameSquare n’est pas obligée de vendre des actions ; chaque vente nécessite un avis de placement de la société. Chaque partie peut résilier l’accord à tout moment selon les conditions spécifiées.
GameSquare versera à ThinkEquity des commissions allant jusqu’à 3 % du produit brut et a accordé les droits habituels d’indemnisation et de contribution. Les avis juridiques et consentements associés de Baker & Hostetler LLP sont inclus en annexes 5.1 et 23.1.
Aucun résultat financier supplémentaire, changement opérationnel ou autre accord important n’a été divulgué dans ce formulaire 8-K.
Am 27. Juni 2025 schloss GameSquare Holdings, Inc. ("GameSquare") eine At-The-Market (ATM) Verkaufsvereinbarung mit ThinkEquity LLC ab, die es dem Unternehmen ermöglicht, von Zeit zu Zeit bis zu 9,25 Millionen US-Dollar seiner Stammaktien (Nennwert $0,0001) unter dem Ticker GAME auszugeben und zu verkaufen. Die Aktien werden gemäß der wirksamen Shelf-Registrierungserklärung des Unternehmens auf Formular S-3 (Aktenzeichen 333-285543) und einem am selben Tag eingereichten Prospektergänzung angeboten.
Die Verkäufe erfolgen durch den Agenten als gewöhnliche Brokerage-Transaktionen, die gemäß Regel 415(a)(4) als „At-the-Market-Angebot“ gelten. GameSquare ist nicht verpflichtet, Aktien zu verkaufen; jeder Verkauf erfordert eine Platzierungsmitteilung des Unternehmens. Beide Parteien können die Vereinbarung jederzeit unter den festgelegten Bedingungen kündigen.
GameSquare zahlt ThinkEquity Provisionen von bis zu 3 % des Bruttoerlöses und hat übliche Entschädigungs- und Beitragsrechte eingeräumt. Rechtliche Gutachten und zugehörige Zustimmungen von Baker & Hostetler LLP sind als Anlagen 5.1 und 23.1 beigefügt.
In diesem Formular 8-K wurden keine zusätzlichen Finanzergebnisse, betrieblichen Änderungen oder sonstigen wesentlichen Vereinbarungen offengelegt.
- Added funding flexibility: Ability to raise up to $9.25 million when market conditions are favorable.
- Low transaction cost: Commission capped at 3 % of gross proceeds, typical for ATM structures.
- No issuance obligation: Company retains full discretion to suspend or terminate sales, limiting unwanted dilution.
- Dilution risk: Issuing new shares will expand the float and can pressure the stock price.
- Market overhang: Knowledge of an active ATM may dampen investor demand until program concludes.
- Incremental costs: 3 % commission plus legal and filing expenses reduce net proceeds.
Insights
TL;DR: Flexible $9.25 M ATM boosts liquidity but risks dilution; overall neutral.
The ATM program gives GameSquare a convenient, low-cost path to raise up to $9.25 million as market conditions permit, paying only a 3 % commission. This strengthens short-term liquidity without the higher discounts typical of block placements. However, because shares can be issued directly into the open market, existing shareholders face incremental dilution and potential price overhang. The filing does not mandate any sales timetable, so actual impact depends on future market executions. Given limited size of the facility and absence of immediate issuance, I view the disclosure as neutral for valuation—positive for financial flexibility, offset by dilution risk.
TL;DR: Routine ATM facility; modest size, standard terms—impact limited.
The agreement mirrors standard ATM structures: open-ended term, issuer-initiated placement notices, 3 % selling fee, and customary indemnities. A $9.25 million cap is relatively small for Nasdaq issuers, suggesting proceeds will likely fund working capital rather than transformational projects. Termination optionality preserves control. Because the company is not compelled to issue shares and investors already know the S-3 is effective, market reaction should be muted unless and until sizeable volumes are actually sold. Therefore the development is classified as not materially impactful at this stage.
Il 27 giugno 2025, GameSquare Holdings, Inc. ("GameSquare") ha stipulato un Accordo di Vendita At-The-Market (ATM) con ThinkEquity LLC che consente alla società di emettere e vendere, di volta in volta, fino a 9,25 milioni di dollari del proprio capitale sociale ordinario (valore nominale $0,0001) con il ticker GAME. Le azioni saranno offerte ai sensi della dichiarazione di registrazione a scaffale efficace della società sul modulo S-3 (File No. 333-285543) e di un supplemento al prospetto depositato lo stesso giorno.
Le vendite saranno effettuate dall’Agente come normali operazioni di intermediazione, considerate un “offerta at-the-market” ai sensi della Regola 415(a)(4). GameSquare non è obbligata a vendere alcuna azione; ogni vendita richiede una comunicazione di collocamento da parte della società. Entrambe le parti possono recedere dall’accordo in qualsiasi momento secondo le condizioni specificate.
GameSquare corrisponderà a ThinkEquity commissioni fino al 3% dei proventi lordi e ha fornito diritti consueti di indennizzo e contributo. Pareri legali e consensi correlati di Baker & Hostetler LLP sono inclusi come Allegati 5.1 e 23.1.
Non sono stati divulgati ulteriori risultati finanziari, cambiamenti operativi o altri accordi rilevanti in questo modulo 8-K.
El 27 de junio de 2025, GameSquare Holdings, Inc. ("GameSquare") firmó un Acuerdo de Venta At-The-Market (ATM) con ThinkEquity LLC que permite a la empresa emitir y vender, de vez en cuando, hasta 9,25 millones de dólares de sus acciones ordinarias (valor nominal $0.0001) bajo el símbolo bursátil GAME. Las acciones se ofrecerán conforme a la declaración de registro en estantería vigente de la empresa en el Formulario S-3 (Archivo No. 333-285543) y un suplemento de prospecto presentado el mismo día.
Las ventas serán realizadas por el Agente como transacciones ordinarias de corretaje consideradas una “oferta at-the-market” bajo la Regla 415(a)(4). GameSquare no está obligada a vender acciones; cada venta requiere un aviso de colocación por parte de la empresa. Cualquiera de las partes puede rescindir el acuerdo en cualquier momento bajo las condiciones especificadas.
GameSquare pagará a ThinkEquity comisiones de hasta el 3% de los ingresos brutos y ha proporcionado derechos habituales de indemnización y contribución. Opiniones legales y consentimientos relacionados de Baker & Hostetler LLP están incluidos como Anexos 5.1 y 23.1.
No se divulgaron resultados financieros adicionales, cambios operativos u otros acuerdos materiales en este Formulario 8-K.
2025년 6월 27일, GameSquare Holdings, Inc.("GameSquare")는 ThinkEquity LLC와 시장가 판매(ATM) 계약을 체결하여 회사가 시기에 따라 최대 925만 달러 상당의 보통주(액면가 $0.0001)를 티커 GAME로 발행 및 판매할 수 있도록 허용했습니다. 해당 주식은 회사의 유효한 선등록 명세서인 Form S-3(파일 번호 333-285543)와 같은 날 제출된 투자설명서 보충서에 따라 제공됩니다.
판매는 중개인에 의해 일반 중개 거래로 이루어지며, Rule 415(a)(4)에 따른 '시장가 제공'으로 간주됩니다. GameSquare는 주식을 판매할 의무가 없으며, 각 판매는 회사의 배치 통지가 필요합니다. 양 당사자는 명시된 조건에 따라 언제든지 계약을 종료할 수 있습니다.
GameSquare는 ThinkEquity에 총 수익의 최대 3%까지 수수료를 지급하며, 관례적인 보상 및 분담 권리를 제공했습니다. Baker & Hostetler LLP의 법률 의견서 및 관련 동의서는 부속서 5.1 및 23.1에 포함되어 있습니다.
본 Form 8-K에서는 추가 재무 결과, 운영 변경 또는 기타 중요한 계약이 공개되지 않았습니다.
Le 27 juin 2025, GameSquare Holdings, Inc. (« GameSquare ») a conclu un contrat de vente At-The-Market (ATM) avec ThinkEquity LLC, permettant à la société d’émettre et de vendre, de temps à autre, jusqu’à 9,25 millions de dollars de ses actions ordinaires (valeur nominale 0,0001 $) sous le symbole GAME. Les actions seront proposées conformément à la déclaration d’enregistrement en vigueur sur formulaire S-3 (dossier n° 333-285543) et à un supplément de prospectus déposé le même jour.
Les ventes seront réalisées par l’agent en tant que transactions ordinaires de courtage considérées comme une « offre at-the-market » selon la règle 415(a)(4). GameSquare n’est pas obligée de vendre des actions ; chaque vente nécessite un avis de placement de la société. Chaque partie peut résilier l’accord à tout moment selon les conditions spécifiées.
GameSquare versera à ThinkEquity des commissions allant jusqu’à 3 % du produit brut et a accordé les droits habituels d’indemnisation et de contribution. Les avis juridiques et consentements associés de Baker & Hostetler LLP sont inclus en annexes 5.1 et 23.1.
Aucun résultat financier supplémentaire, changement opérationnel ou autre accord important n’a été divulgué dans ce formulaire 8-K.
Am 27. Juni 2025 schloss GameSquare Holdings, Inc. ("GameSquare") eine At-The-Market (ATM) Verkaufsvereinbarung mit ThinkEquity LLC ab, die es dem Unternehmen ermöglicht, von Zeit zu Zeit bis zu 9,25 Millionen US-Dollar seiner Stammaktien (Nennwert $0,0001) unter dem Ticker GAME auszugeben und zu verkaufen. Die Aktien werden gemäß der wirksamen Shelf-Registrierungserklärung des Unternehmens auf Formular S-3 (Aktenzeichen 333-285543) und einem am selben Tag eingereichten Prospektergänzung angeboten.
Die Verkäufe erfolgen durch den Agenten als gewöhnliche Brokerage-Transaktionen, die gemäß Regel 415(a)(4) als „At-the-Market-Angebot“ gelten. GameSquare ist nicht verpflichtet, Aktien zu verkaufen; jeder Verkauf erfordert eine Platzierungsmitteilung des Unternehmens. Beide Parteien können die Vereinbarung jederzeit unter den festgelegten Bedingungen kündigen.
GameSquare zahlt ThinkEquity Provisionen von bis zu 3 % des Bruttoerlöses und hat übliche Entschädigungs- und Beitragsrechte eingeräumt. Rechtliche Gutachten und zugehörige Zustimmungen von Baker & Hostetler LLP sind als Anlagen 5.1 und 23.1 beigefügt.
In diesem Formular 8-K wurden keine zusätzlichen Finanzergebnisse, betrieblichen Änderungen oder sonstigen wesentlichen Vereinbarungen offengelegt.
FAQ
How much capital can GameSquare (GAME) raise under the new ATM agreement?
Who is acting as sales agent for GameSquare's ATM offering?
What commission will GameSquare pay on ATM sales?
Is GameSquare required to sell shares under this Form 8-K agreement?
Under which registration statement will the ATM shares be issued?
