GameSquare Holdings, the parent company behind esports organization FaZe, is staring down potential delisting from the NASDAQ stock exchange. The company's shares have lingered beneath the mandatory $1.00 minimum listing price for almost twelve months, according to reporting by Tarun Sayal from The Esports Radar.
Currently valued at $0.33 per share, the stock hasn't crossed the critical dollar mark since late July 2025, when it last traded at $1.12. The collapse represents an 83% decline over the past year, and a devastating 99.27% drop across five years.
GameSquare completed its acquisition of FaZe in March 2024, with CEO Justin Kenna framing the move as a transformative step to reshape gaming and media. That deal came after FaZe's ill-fated public debut in 2022 under the ticker symbol FAZE, which saw shares crash from $20.08 in August 2022 to a mere $0.15 by September 2023. The meltdown left FaZe essentially worthless on paper and forced emergency measures including stock splits to avoid delisting before GameSquare stepped in.
Now GameSquare finds itself in a similar predicament. The company received its initial deficiency warning from NASDAQ in September 2025, granting 180 days to restore compliance. A rare second extension in March 2026 pushed the deadline to September 7th, 2026—a date approaching rapidly as shares continue sliding.
According to recent SEC documents filed in early July, company leadership plans to propose a reverse stock split to shareholders next month. This maneuver would consolidate multiple shares at a fixed ratio, artificially inflating the price. An eight-to-one reverse split executed today would lift the stock to approximately $2.64, the highest level since August 2023.
While such a split could temporarily prevent delisting, it fails to address fundamental financial weaknesses or restore investor confidence. GameSquare would still need to demonstrate improved revenue performance and operational efficiency to maintain NASDAQ listing status long-term.
