GameSquare Plans to Raise $70.00 Million to Increase ETH Holdings

On July 17, Nasdaq-listed GameSquare Holdings announced its intention to issue 46,666,667 shares of common stock to raise $70,000,000. The company plans to use the funds to increase its $ETH holdings. GameSquare CEO Justin Kenna revealed that the issuance includes a 15% over-allotment option, and if fully exercised, the total funds raised will reach approximately $80,500,000. The related transaction is expected to be completed around July 18, 2025, subject to customary closing conditions. [BlockBeats]