GameSquare faces Nasdaq delisting after shares fall
GameSquare, owner of FaZe Clan, risks Nasdaq delisting after shares fell to $0.33; it is asking shareholders to approve a reverse stock split at an Aug. 13 special meeting.
GameSquare Holdings, the parent company of FaZe Clan, faces possible delisting from the Nasdaq after its shares fell to about $0.33. The company filed a PRE 14A with the SEC on July 2, 2026, calling a special meeting of stockholders on Aug. 13, 2026, where shareholders will vote on authorizing a reverse stock split to seek compliance with Nasdaq’s listing rules.
Nasdaq requires listed companies to maintain a closing bid of at least $1.00. GameSquare received a deficiency notice on Sept. 10, 2025, after its stock closed below $1 for 30 consecutive trading days. The first 180-day cure period ended on March 9, 2026. Nasdaq granted a second 180-day extension on March 10, 2026, setting a new compliance deadline of Sept. 7, 2026. To regain compliance the stock must close at $1.00 or higher for at least 10 consecutive trading days.
A reverse stock split consolidates existing shares into fewer shares and raises the price per share without immediately changing the total dollar value of an investor’s holdings. If shareholders approve the proposal, the board would select a specific split ratio and set the effective date. For example, a 1-for-2 split would halve a holder’s share count, while a 1-for-8 split would reduce eight shares to one.
GameSquare also owns live-streaming analytics firm Stream Hatchet and U.K. talent agency Code Red Esports. The filing stated the company repurchased nearly 2.3 million shares in April 2026, citing a “dislocation between intrinsic value and market value.” The company’s stock trades under the ticker GAME and was trading around $0.33 in July 2026.
If GameSquare cannot restore the share price to meet Nasdaq’s rule by Sept. 7, Nasdaq may issue a delisting notice. The company would have the option to appeal to a Nasdaq Hearings Panel, though an appeal would not guarantee the listing would be maintained. The Aug. 13 shareholder vote will determine whether the board has authority to carry out a reverse split as its primary option to try to meet Nasdaq’s minimum bid requirement.
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