The listed company GameSquare raised $8 million and plans to launch an Ethereum fund management strategy

ChainCatcher news, according to an official announcement, media, entertainment, and technology company GameSquare Holdings Inc. (NASDAQ: GAME) has announced that the pricing for its previously announced underwritten public offering has been set, with 8,421,054 shares of common stock (or equivalents) being sold at a price of $0.95 per share, expecting total proceeds of approximately $8 million before deducting underwriting discounts and commissions and offering expenses.

The company intends to use a significant portion of the proceeds to accelerate the launch of its newly established Ethereum fund management strategy. The GameSquare board has approved a phased investment in Ethereum, with a total amount of up to $100 million, while reserving sufficient working capital for operational business.