The owner of FaZe Clan faced the threat of delisting from NASDAQ due to an 83% drop in its stock price

GameSquare Holdings, the company that owns the esports organization FaZe Clan, may be delisted from the NASDAQ stock exchange. The reason is that the holding company’s stock price has fallen below the minimum required level of one dollar, a trend that has persisted for nearly a year.

At the time of publication, the company’s shares, trading under the ticker symbol GAME, are trading at 33 cents. Over the past 12 months, the holding company’s shares have lost 83% of their value, and over the past five years, the decline has been a catastrophic 99.27%. To remedy the situation, GameSquare’s management plans to propose to shareholders next month that they approve a reverse stock split in the range of 1:2 to 1:8. This procedure will consolidate several investor shares, allowing the stock price to be artificially raised above one dollar and temporarily avoiding a forced delisting.

In March 2024, GameSquare officially acquired FaZe Clan. Two years later, the holding company received a second 180-day extension from NASDAQ to raise its stock price. The final deadline for restoring the stock price to above one dollar is set for September 7, 2026.

Photo: FaZe Clan.