Feb. 23 at 7:13 PM
$GAME 2026 guidance:
- Revenue of
$85 million to
$90 million
- Gross margin of 35-40%
- Adjusted EBITDA of over
$5 million (non-GAAP) 👍
I'm not excited about the prospect of dilution with the acquisition of TubeBuddy, but the latest SEC filing makes it clear that management can't reverse split or otherwise take major action to dilute common shares without shareholder approval. If they don't get shareholder approval by Sep 30 to convert the preferred stock to common stock, they are willing to pay for TubeBuddy directly.
Assuming
$GAME gets a 180-day extension from March 9 to meet the NASDAQ listing reqs, then they should have until August 28. While it is possible that they could try to get shareholder approval to convert the preferred shares to common shares before Aug 28, it looks likely that they are going to wait.
They will have time for two earnings reports and, for better or worse,
$ETH.X to drive their stock price (hopefully up) before they hit ther major deadlines.
