GameSquare Initiates Stock Repurchase Program

GameSquare Holdings, Inc., headquartered in Frisco, Texas, has announced the commencement of its stock repurchase program, allocating funds under a previously declared $5 million authorization. The company repurchased 833,124 shares at an average price of approximately $0.7192, totaling $599,148. This leaves $4.4 million available for future repurchases. GameSquare plans to continue leveraging its treasury strategy to buy back shares as the opportunity arises.

CEO Justin Kenna emphasized the program as a signal of strong confidence in the company's long-term value. He believes that the current market price undervalues its business operations and treasury management returns, viewing the repurchase as a strategic use of capital to enhance shareholder value.