GameSquare (GAME) Holdings completed a $5M purchase of Ethereum (ETH), acquiring approximately 1,818.84 ETH at a weighted average price of $2,749 per ETH. This marks the first deployment under the Company’s $100M Ethereum treasury authorization, aimed at building a differentiated, crypto-native treasury management strategy. In addition, GameSquare announced that Lucid Capital Markets, sole book-running manager for the Company’s previously announced underwritten public offering, has exercised its full over-allotment option. Lucid purchased an additional 1,263,157 shares at the public offering price, less underwriting discounts and commissions. This brings total gross proceeds from the offering to approximately $9.2M, including $1.2M from the over-allotment exercise, prior to deducting offering-related expenses.
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