19:30:55 EDT Thu 16 May 2024
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Gamesquare arranges $10M line of credit

2023-09-18 11:37 ET - News Release

Mr. Andrew Berger reports

GAMESQUARE HOLDINGS STRENGTHENS BALANCE SHEET

Gamesquare Holdings Inc. has arranged a $10-million working capital line of credit with SLR Capital Partners that matures in September, 2026.

"Today's announcement reflects our commitment to support the current and future growth of our business through non-dilutive funding sources," said Justin Kenna, chief executive officer of Gamesquare. "We believe we have a clear path to profitability in the coming quarters as we continue to successfully integrate the Engine Gaming merger and execute against growing revenue opportunities during the seasonally strong second half of the year."

About Gamesquare Holdings Inc.

Gamesquare Holdings is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture audiences.

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