Engine Media Holdings (MJ0) has issued an announcement.
GameSquare Holdings, Inc. has entered into a financial agreement with Yorkville, allowing the sale of up to $20 million in common stock to the investment firm, with various conditions and pricing mechanisms based on the stock’s trading performance. This strategic move provides GameSquare with flexible financing options over a three-year period, while also incurring some upfront fees and potential future payments related to a promissory note. The company plans to use the proceeds for general corporate purposes and addressing other financial obligations, such as the repayment of an existing note from King Street Partners LLC, amidst disputes over alleged defaults which GameSquare intends to contest.
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