Gamesquare esports inc. and engine gaming & media, inc. enter definitive arrangement agreement

Combination creates end to end digital media and technology platform connecting global brands with gaming and youth culture audiences gamesquare esports shareholders are expected to own approximately 60% of combined company, and engine gaming shareholders are expected to own approximately 40% of the combined company which will trade on the nasdaq and tsx venture exchange under the ticker symbol game toronto, on and new york, ny / accesswire / december 8, 2022 / gamesquare esports inc. (cse:gsq);(otcqb:gmsqf);(fra:29q1) ("gamesquare"), a vertically integrated, international digital media and entertainment company focused on gaming and esports, and engine gaming and media, inc. ("engine gaming" or "engine") (nasdaq:game);(tsxv:game), a data-driven, gaming, media and influencer marketing platform company, today announced that they have entered into a definitive arrangement agreement (the "arrangement") dated december 7, 2022 to combine their businesses via an all share deal, whereby each common share of gamesquare (a "gamesquare share") will be exchanged for 0.08262 engine gaming common shares (the "engine gaming shares"). following the all-share transaction, former gamesquare esports shareholders are expected to own approximately 60% of the combined entity, and current engine gaming shareholders are expected to own approximately 40% of the combined entity on a fully diluted basis, and it is intended that the engine gaming shares will continue to trade on the nasdaq stock market (the "nasdaq") and tsx venture exchange (the "tsxv") under the symbol "game.
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