Exhibit 21
List of Subsidiaries
As of April 15, 2025, the following is a list of the subsidiaries of GameSquare Holdings, Inc.:
| Subsidiaries | Jurisdiction of Incorporation | |
FaZe Holdings, Inc. FaZe Clan Inc. |
USA USA | |
| LA Peripherals Inc. | USA | |
| Faze Media Holdings LLC | USA | |
| Faze Media Inc. | USA | |
| Stream Hatchet S.L. | Spain | |
| SideQik Inc. | USA | |
| Frankly Inc. | Canada | |
| Frankly Media LLC | USA | |
| Vemba Media Technologies Private Limited | India | |
| GameSquare Esports (USA) Inc. | USA | |
| GCN Inc. | USA | |
| Swingman LLC | USA | |
| Mission Supply LLC | USA | |
| Code Red Esports Ltd. | UK | |
| Discontinued / Inactive | ||
| UMG Media Ltd. | Canada | |
| UMG Media Corp | Canada | |
| UMG Events LLC | USA | |
| Crowd Control Studies Inc. | Canada | |
| UMG Events (Ontario) Ltd. | Canada | |
| WinView, Inc. | USA |