GameSquare approves stock repurchase program funded by ETH yield proceeds

GameSquare (GAME) Holdings announced that it began its previously disclosure Ethereum, or ETH, treasury strategy through Dialectic’s onchain yield platform on August 1. The strategy targets annualized yields of 8% to 14% and is a central pillar of GameSquare’s crypto-native treasury initiative. In connection with the next phase of its crypto-native treasury strategy, GameSquare’s Board of Directors has authorized a stock repurchase program, funded through net proceeds generated by the onchain yield platform, to acquire up to $5M worth of GameSquare’s common stock. Under the repurchase program, GameSquare may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases, in privately negotiated transactions, or other means, including through Rule 10b5-1 trading plans. GameSquare expects to generate target onchain yields of 8% to 14% annually through its partnership with Dialectic.