GameSquare Further Solidifies Balance Sheet Through a $10 Million Convertible Note with Gigamoon Media, LLC
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GameSquare Holdings, Inc. has entered into a $10 million convertible note agreement with Gigamoon Media, LLC. The proceeds will be used to repay an outstanding equity line facility with Yorkville. The note can be converted into GameSquare's common stock or FaZe Media Series A-1 Preferred Stock.
November 14, 2024 | 1:15 pm
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GameSquare Holdings has secured a $10 million convertible note with Gigamoon Media, which will help repay its equity line facility with Yorkville. The note can convert into GameSquare stock or FaZe Media shares.
The $10 million convertible note improves GameSquare's financial position by allowing it to repay an outstanding facility. The conversion option into GameSquare stock or FaZe Media shares provides flexibility and potential for stock price appreciation.
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