GameSquare Holdings Announces 1-for-8 Reverse Stock Split

What Happened
GameSquare Holdings, Inc. (GAME) filed an 8-K disclosing that it has filed a Certificate of Amendment to effect a 1-for-8 reverse stock split of its common stock. The Certificate was filed with the Delaware Secretary of State on August 18, 2026 and the Reverse Stock Split becomes effective at 12:01 a.m. Eastern Time on August 24, 2026; Nasdaq trading will reflect the split-adjusted shares at market open on August 24, 2026. The board selected the 1-for-8 ratio after stockholders had previously approved a reverse split in a range of 1-for-2 to 1-for-8.

Key Details

• Reverse split ratio: 1-for-8, effective 12:01 a.m. ET on August 24, 2026.
• Shares outstanding: approximately 102,271,871 pre-split → approximately 12,783,983 post-split (subject to fractional-share adjustments).
• New CUSIP for post-split Common Stock: 36468G202.
• Fractional shares: holders who would otherwise receive fractional shares will receive one whole share in lieu of fractions (no fractional shares issued).
• Applies to outstanding convertible securities, warrants, stock options and restricted stock units; conversion/exercise share counts and conversion/exercise prices will be adjusted proportionately.
• Filing also references Item 3.03 (material modification to rights of security holders) and notes under Rule 416(b) that undistributed shares covered by registration statements are reduced proportionately at the effective time.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per-share figures (shares and prices adjust proportionately). For investors, the split is largely a mechanical change — authorized shares and par value remain unchanged — but the adjustment affects listed share count, the CUSIP, and the conversion/exercise terms of the company’s outstanding convertible securities and options. The company’s policy to issue whole shares instead of fractional shares could slightly increase the post-split share count beyond the simple 1-for-8 division.