Foresight News reports that Nasdaq-listed company GameSquare Holdings plans to issue 46,666,667 shares of common stock to raise $70 million. The company intends to use these funds to increase its ETH holdings. GameSquare CEO Justin Kenna revealed that this issuance includes a 15% overallotment option, which, if fully exercised, would bring total fundraising to approximately $80.5 million. The related transaction is expected to be completed around July 18, 2025, pending customary closing conditions.
GameSquare Plans to Raise $70 Million Through a Stock Offering to Continue Purchasing ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
3,807.49
+6.78%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@Foresight_News