GameSquare Holdings, Inc. (“GameSquare” or the “Company”) (NASDAQ:GAME), a next-generation media, entertainment, and technology company, today provided an update on its capital-allocation priorities. The Company is prioritizing the use of capital to support its share repurchase program as positive momentum continues to build across its operating platform.

GameSquare recently liquidated 1,209 ETH. A portion of the proceeds is expected to be used to support the Company’s ongoing share repurchase program. GameSquare continues to maintain a significant ETH position, with holdings of approximately 14.3K ETH at July 14, 2026. While the Company remains a long-term believer in the potential of ETH and other onchain assets, GameSquare believes that repurchasing its common stock currently represents a more attractive use of capital. Management intends to continue evaluating opportunistic repurchases under the Company’s existing authorization.

“While we believe in the long-term potential of ETH and other onchain assets, we believe repurchasing GameSquare stock offers a far greater opportunity to create value for our shareholders,” said Justin Kenna, CEO of GameSquare. “Momentum across our business remains strong, supported by expanded programs with several of the top video game publishers, recent creator additions, and growing opportunities across all aspects of our business. At current trading levels, we believe our shares represent a significant disconnect from the underlying value of our business. As a result, we are prioritizing opportunistic share repurchases as a highly accretive use of capital and expect to remain active under our expanded authorization.”

As of May 13, 2026, GameSquare has repurchased 7.35 million shares of its common stock for $3.6 million, representing an average price of approximately $0.47 since the Company’s repurchase program started in October 2025. The Company has approximately $11.4 million remaining under its current authorization.