GameSquare Holdings ( (GAME) ) has shared an update.
GameSquare Holdings has entered into a significant Note Purchase Agreement, raising $3.25 million through a senior secured promissory note and an additional $10 million via a convertible note with Gigamoon Media. This strategic move aims to bolster GameSquare’s financial flexibility, allowing for debt repayment and further investment in growth initiatives. GameSquare reported a record third-quarter revenue of $26.4 million, attributing the success to cost reduction and integration of acquisitions, with optimistic forecasts for continued growth and profitability in 2024.
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