GameSquare to Acquire FanEngine Assets, Guides to $150M Revenue and $30M EBITDA in 2027
GAME sits 70% above its 52-week low of $1.88.
Summary
GameSquare announced a definitive agreement to acquire FanEngine's sports, music, and entertainment IP assets, including Peaky Blinders and Simon's Cat. The deal is expected to be immediately accretive and adds direct fan monetization capabilities. Management introduced 2027 guidance of over $150 million revenue and over $30 million adjusted EBITDA, a significant step-up from current levels. The transaction is structured as an asset purchase with FanEngine shareholders receiving approximately 30% equity, plus up to 10% earn-out. Closing is expected in Q4 2026, subject to shareholder approval. This follows the company's recent 1-for-8 reverse split and Q2 results showing 137% revenue growth, but also going concern doubt and internal control weaknesses.
At the time of this announcement, GAME was trading at $3.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $39.8M. The 52-week trading range was $1.88 to $6.88. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: ACCESS Newswire.