GameSquare prices 8.42M shares at 95c per share in underwritten public offering

GameSquare (GAME) announced the pricing of its previously announced underwritten public offering for the sale of 8,421,054 shares of common stock or common stock equivalents at a price of 95c per share for expected aggregate gross proceeds of approximately $8.0M before deducting underwriting discounts and commissions and offering expenses. The company intends to use the majority of the proceeds to accelerate the launch of its newly formed Ethereum (ETH) based treasury strategy, supported by a strategic alliance with Dialectic, which it calls a “leader in crypto-native capital management.” Justin Kenna, CEO of GameSquare, said: “Today’s announcement reflects the confidence of a proven group of high-quality investors and leaders in decentralized finance. We’ve partnered with one of the world’s top crypto investment firms to generate real, on-chain yield while deepening our expertise in decentralized finance, pursuing new revenue streams, and strengthening our balance sheet.”