Gate News bot news, media and technology company GameSquare (NASDAQ: GAME) successfully issued 8,421,054 shares of common stock at a price of $0.95 per share, expecting to raise approximately $8 million before expenses.
Most of the funds will be used to deploy financial strategies based on Ethereum (ETH) in collaboration with Dialectic, a global leader in crypto capital management.
GameSquare aims to achieve a return rate of 8-14%, significantly higher than the current popular ETH staking return rate (3-4%). The strategy employs Dialectic’s Medici platform, which combines machine learning and multi-layer risk control.
The GameSquare board has approved a plan to allocate up to $100 million in ETH for phased investments while retaining operating capital for core business.
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