GameSquare plans to raise $70 million in rights issue to continue purchasing ETH
According to online reports, Nasdaq-listed GameSquare Holdings announced that it plans to issue 46,666,667 common shares to raise US$70 million. The company plans to use the funds to increase its ETH position. Justin Kenna, CEO of GameSquare, revealed that the offering includes a 15% over-allotment. If all exercised, the total raised funds will reach approximately US$80.5 million. The relevant transaction is expected to be completed around July 18, 2025, but only if customary transaction conditions are met.
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