Home / Going-concern warnings / GameSquare Holdings, Inc.
Filed 2026-04-08 路 Form 10-K 路 Accession 0001493152-26-015717 nano
Price before filing: $2.02 (2026-04-07 close, split/dividend-adjusted)
Market cap at flag: $24.0M (2026-04-08) 路 Latest: $31.1M (2026-10-16)
| Window | GAME | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +87.6% | +11.9% | +75.7% | 2026-05-08 |
| 90 days | +23.8% | +13.7% | +10.0% | 2026-07-07 |
| 180 days | +51.5% | +18.1% | +33.4% | 2026-10-05 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $1.3M (4 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-08: red flag filed | |||||||
| 2026-04-22 | Blue & Silver Ventures, Ltd. See Footnote (1) | Purchase | 809,109 | $0.58 | $469K | no | Form 4 |
| 2026-04-23 | Blue & Silver Ventures, Ltd. See Footnote (1) | Purchase | 922,890 | $0.60 | $554K | no | Form 4 |
| 2026-04-24 | Blue & Silver Ventures, Ltd. See Footnote (1) | Purchase | 417,813 | $0.60 | $251K | no | Form 4 |
| 2026-04-27 | Blue & Silver Ventures, Ltd. See Footnote (1) | Purchase | 84,552 | $0.60 | $51K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-01-08 to 2026-05-08. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 1(b) to the financial statements, the Company has suffered recurring losses from operations and current liabilities exceed current assets (or had a working capital deficiency of $24.7 million) that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Kreston GTA LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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