GameSquare Holdings, Inc. (Nasdaq: GAME), a leading media, entertainment, and technology company, announced today that it has exercised its over-allotment option and acquired 1,818.84 Ethereum (ETH) at a weighted average price of $2,749 per ETH, bringing the total gross proceeds from its recent offering to $9.2 million. This marks the first step in the Company’s $100 million Ethereum treasury authorization, which aims to implement a differentiated, crypto-native treasury management strategy.
According to Justin Kenna, CEO of GameSquare, this move represents a significant milestone in the Company’s strategic evolution as it activates its Ethereum-native treasury strategy. In partnership with Dialectic and Ryan Zurrer, GameSquare will leverage Medici, Dialectic’s proprietary platform, to target best-in-class risk-adjusted yields of 8-14%, well above current staking benchmarks of 3-4%.
The Company’s ETH-focused treasury program is designed to generate sustainable, risk-adjusted yield through decentralized finance protocols and Ethereum ecosystem assets. Medici’s platform is known for its advanced risk management and performance monitoring, making it a strong foundation for scalable treasury deployment.
In addition, GameSquare announced that Lucid Capital Markets, sole book-running manager for the Company’s previously announced underwritten public offering, has exercised its full over-allotment option. This brings total gross proceeds from the offering to approximately $9.2 million, including $1.2 million from the over-allotment exercise, prior to deducting offering-related expenses.
“We are grateful for the support from our investors and decentralized finance leaders who share our long-term vision,” said Mr. Kenna. “With a $100 million ETH authorization in place and momentum building, we are committed to executing a disciplined, forward-looking strategy.”
Once fully implemented, GameSquare plans to allocate capital generated from this strategy to support additional ETH asset purchases, fund a potential share repurchase program, or reinvest in the Company’s growth initiatives.
About GameSquare Holdings, Inc.
GameSquare’s (NASDAQ: GAME) mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Through its next-generation media, entertainment, and technology capabilities, the Company drives compelling outcomes for creators and maximizes return on investment for brand partners. With a $100 million ETH authorization in place and a strong commitment to disciplined, forward-looking strategies, GameSquare is well-positioned for continued growth and success.
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