GameSquare Holdings told investors in April that it expected to recover only about $500,000 on the $9.5 million note Jason Lake’s investor group used to buy Complexity, more than five months before Lake announced that the organization had shut down. The disclosure sits in GameSquare’s annual report, filed April 8. As of Dec. 31, 2025, the company had recorded an $8.1 million reserve on the note, “with the remaining $0.5 million of the Note expec…
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