According to Foresight News, Nasdaq-listed GameSquare Holdings announced plans to issue 46,666,667 common shares to raise $70 million, with the company intending to use these funds to enhance its ETH holdings. GameSquare CEO Justin Kenna revealed that the issuance includes a 15% overallotment option, which could bring the total fundraising to approximately $80.5 million if fully exercised. The related transaction is expected to be completed around July 18, 2025, subject to customary closing conditions.
GameSquare plans to raise $70 million through a rights offering to continue purchasing ETH
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