Listed company GameSquare raises $8 million to launch Ethereum fund management strategy

According to an official announcement, media, entertainment, and technology company GameSquare Holdings (NASDAQ: GAME) announced that its previously announced underwriting public offering pricing has been determined, and 8421054 common shares (or common stock equivalents) will be sold at a price of $0.95 per share, with an estimated total revenue of approximately $8 million before deducting underwriting discounts, commissions, and issuance expenses. The company plans to use most of its earnings to accelerate the launch of its newly established Ethereum fund management strategy. The board of directors of GameSquare has approved a phased investment in Ethereum, with a maximum total amount of $100 million, while retaining sufficient operating funds for business operations.