Engine Media Holdings (GAME) has issued an update.
GameSquare has successfully completed its merger with FaZe, with each share of FaZe Common Stock converted into a right to receive GameSquare stock, alongside potential cash adjustments for fractional shares. In tandem with this merger, GameSquare has also completed a PIPE Financing, raising $10 million by selling units of its common stock and accompanying warrants. As part of the corporate realignment, GameSquare has expanded its board, adding two former FaZe directors, and registered the newly issued shares. Following these changes, GameSquare will now trade under a new CUSIP number, signifying its fresh start post-merger.
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