The media and technology company GameSquare (NASDAQ: GAME) has successfully priced its issuance of 8,421,054 common shares at $0.95 per share, expecting to raise approximately $8 million before expenses.
Most of the funds will be used to implement a treasury strategy based on Ethereum (ETH), in collaboration with Dialectic – the world’s leading crypto asset management company.
GameSquare aims to create a yield of 8–14%, surpassing the current popular ETH staking of 3–4%. The strategy uses Dialectic’s Medici platform, combining machine learning and multi-layer risk control.
The GameSquare Board of Directors has approved a plan to allocate up to 100 million USD to ETH, investing in phases while retaining operating capital for the core business.
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