GameSquare Raises $8 Million Through Stock Offering, To Be Used for Ethereum Accumulation
YM Lee
Summary
- GameSquare announced its plan to raise approximately $8 million through a public stock offering.
- The funds secured this time will be used for the accumulation of Ethereum (ETH).
- GameSquare explained that the company intends to strengthen financial flexibility and pursue flexible growth plans through this initiative.
Nasdaq-listed gaming company GameSquare (GAME) announced plans to raise $8 million through a public stock offering to accumulate Ethereum (ETH).
According to Investing.com on the 9th (local time), GameSquare plans to raise funds by offering approximately 8.42 million shares at $0.95 per share, and stated that around $8 million generated through this process will be utilized for its Ethereum financial strategy.
GameSquare CEO Justin Kenna explained, "Through this fundraising, we will strengthen our financial flexibility and pursue reinvestment in flexible growth plans and capital allocation strategy by purchasing Ethereum."
YM Lee
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