GameSquare plans to raise $70.00 million in a share offering to continue purchasing ETH

Nasdaq-listed GameSquare Holdings announced its intention to issue 46,666,667 shares of common stock to raise $70.00 million. The company plans to use the funds to increase its $ETH holdings. GameSquare CEO Justin Kenna revealed that the offering includes a 15% over-allotment option, and if fully exercised, the total funds raised will reach approximately $80.50 million. The transaction is expected to close on or around July 18, 2025, subject to customary closing conditions. [Foresight News]