GameSquare ends Standby Equity Purchase Agreement with Yorkville

GameSquare (GAME) Holdings has extinguished its outstanding convertible note and standby equity purchase agreement with Yorkville Advisors Global. Under the strategic transaction, GameSquare has issued a zero-coupon, 60-day promissory note to Yorkville associated with a prepayment penalty of $780,000. GameSquare intends to pay off this balance using existing cash on its balance sheet. Additionally, all shares previously owned by Yorkville, were purchased by outside investors in block transactions that occurred on January 21, 2025.