According to the official announcement, media, entertainment, and technology company GameSquare Holdings, Inc. (Nasdaq: GAME) has announced the pricing of its previously announced underwritten public offering, which will sell 8,421,054 shares of common stock (or common stock equivalents) at a price of $0.95 per share, with expected gross proceeds of approximately $8.00 million 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 established Ethereum fund management strategy. The GameSquare Board of Directors has approved a phased investment in Ethereum totaling up to $100.00 million, while maintaining sufficient working capital for operating activities. [ChainCatcher]

Publicly traded GameSquare raises $8.00 million to launch Ethereum fund management strategy