TechFlow, July 9 — According to ACCESS Newswire, GameSquare Holdings (Nasdaq: GAME), a U.S.-listed gaming and entertainment company, has announced the pricing of a public offering of 8.42 million shares of common stock, expecting to raise approximately $8 million. The funds will be primarily used to accelerate the launch of its newly established Ethereum treasury strategy.
The report states that GameSquare’s board of directors has approved an Ethereum asset allocation plan of up to $100 million, which will be implemented in phases. GameSquare CEO Justin Kenna said this treasury management strategy will enhance the company's financial flexibility and support a clear capital allocation plan for purchasing additional Ethereum assets, potential share buybacks, and investments in growth initiatives.
