Gamesquare further solidifies balance sheet through a $10 million convertible note with gigamoon media, llc

Gamesquare intends to use a portion of the proceeds to repay the outstanding equity line facility with yorkville frisco, tx / accesswire / november 14, 2024 / gamesquare holdings, inc. (nasdaq:game), ("gamesquare", or the "company"), today announced that it has entered into a $10 million convertible note transaction (the "note") with gigamoon media, llc, an investment entity controlled by matt kalish. under the terms of the transaction, the conversion date is december 31, 2025, at which time the note, at gigamoon media llc's election, will convert into either shares of gamesquare's common stock at a conversion price of $2.50 per share, or 5.725 million shares of faze media series a-1 preferred stock beneficially held by gamesquare.
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