GameSquare plans to raise $70 million through a rights issue to continue purchasing ETH

Golden Finance reported that Nasdaq listed company GameSquare Holdings announced plans to issue 46666667 ordinary shares to raise $70 million. The company plans to use this funding to increase its ETH holdings. GameSquare CEO Justin Kenna revealed that this issuance includes a 15% over allotment, and if fully exercised, the total fundraising amount will reach approximately $80.5 million. The related transaction is expected to be completed around July 18, 2025, but it must meet customary closing conditions.