Gamesquare announces sale of complexity gaming to jason lake and global esports properties for us$10.36 million

Sale follows a 175+% increase in complexity's sales from 2021 - 2022 under gamesquare's ownership transaction is part of gamesquare's asset optimization strategy that is associated with its pending acquisition of faze holdings frisco, tx / accesswire / march 1, 2024 / gamesquare holdings, inc. (nasdaq:game)(tsx.v:game), ("gamesquare", or the "company"), today announced that it has sold its esports team nextgen tech, llc d/b/a complexity gaming ("complexity") to global esports properties, llc ("global esports"), an investor group led by complexity's founder and ceo jason lake for total consideration of us$10.36 million. gamesquare and complexity signed a membership interest purchase agreement dated as of march 1, 2024, and the transaction is anticipated to close shortly upon the satisfaction of a closing condition to receive tsxv approval for the transaction.
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