Examples of GameSquare Shares in a sentence
Prior to the completion of the Amalgamation, the existing common shares in the capital of the Company (the “GameSquare Shares”) were consolidated on a 5.8 to 1 basis resulting in 9,996,011 GameSquare Shares outstanding post consolidation.
Where the aggregate number of Engine Gaming Shares to be issued to a holder of GameSquare Shares as consideration under this Arrangement would result in a fraction of an Engine Gaming Share being issuable, the number of Engine Gaming Shares to be received by such holder shall be rounded down to the nearest whole Engine Gaming Share.
Subject to the terms and conditions set forth in the Arrangement Agreement and Plan of Arrangement, holders of the GameSquare Shares will receive 0.08262 Engine Gaming Shares, subject to adjustment as described below, for each GameSquare Share (on an as converted to GameSquare Share basis) outstanding immediately prior to the Effective Time.
This Plan of Arrangement will become effective commencing at the Effective Time and shall be binding upon Engine Gaming, GameSquare, GameSquare Securityholders, the Depositary, the transfer agents in respect of the GameSquare Shares and the Engine Gaming Shares and all other Persons without any further act or formality required on the part of any Person, except as expressly provided in this Plan of Arrangement.
In no event shall any holder of GameSquare Shares be entitled to a fractional Engine Gaming Share.
Conditions to the ArrangementThe Arrangement is subject to a number of conditions, including the approval by holders of GameSquare Shares (the “GameSquare Shareholders”) at a special meeting expected to be held in the first quarter of 2023 to approve the Arrangement (the “Meeting”).
Based on the number of outstanding GameSquare Shares as of the date of this press release, it is expected that Engine Gaming will issue an aggregate of approximately 25,409,372 Engine Gaming Shares to GameSquare shareholders.
The Arrangement requires approval by at least 66.67% of the holders of the GameSquare Shares who vote at the meeting.
As of the date hereof, such Stockholder’s Existing Shares constitute all of GameSquare Shares Beneficially Owned or owned of record by such Stockholder.
It is expected that all proportionate voting shares of GameSquare shall be converted to GameSquare Shares prior to the meeting of the GameSquare Shareholders to approve the Arrangement.