Mr. Justin Kenna reports

CORRECTION BY SOURCE: GAMESQUARE HOLDINGS STRENGTHENS BALANCE SHEET

Gamesquare Holdings Inc. arranged a $10-million (U.S.) working capital line of credit with SLR Capital Partners that matures in September, 2026, and has an interest rate equal to the greater of prime plus 4 per cent or 9.5 per cent.

"Today's announcement reflects our commitment to support the current and future growth of our business through non-dilutive funding sources," said Justin Kenna, chief executive officer of Gamesquare. "We believe we have a clear path to profitability in the coming quarters as we continue to successfully integrate the Engine Gaming merger and execute against growing revenue opportunities during the seasonally strong second half of the year."

About Gamesquare Holdings Inc.

Gamesquare is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture audiences. Gamesquare's end-to-end platform includes GCN, a digital media company focused on gaming and e-sports audiences; Cut+Sew (Zoned), a gaming and lifestyle marketing agency in the United States; Code Red Esports Ltd., a United Kingdom based e-sports talent agency; Complexity Gaming, a leading e-sports organization; Fourth Frame Studios, a creative production studio; Mission Supply, a merchandise and consumer products business; Frankly Media, for programmatic advertising; Stream Hatchet, for live streaming analytics; and Sideqik, a social influencer marketing platform.

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