Nasdaq-listed GameSquare Holdings announced its intention to issue 46,666,667 shares of common stock to raise $70.00 million. The company plans to use the funds to increase its ETH holdings. GameSquare CEO Justin Kenna revealed that the offering includes a 15% over-allotment option, and if fully exercised, the total funds raised will reach approximately $80.50 million. The related transaction is expected to be completed around July 18, 2025, but is subject to customary closing conditions. [Odaily Planet Daily News]