GameSquare Announces $20m Pre-Paid Advance Agreement

GameSquare Announces $20m Pre-Paid Advance Agreement

Investments

10 July 2024 19:37

GameSquare Holdings has disclosed today that it entered into a $20m pre-paid advance agreement with an investment fund managed by Yorkville Advisors. According to release, with this transaction, GameSquare plans to settle the remaining $5.7m balance on its senior secured convertible note with King Street Partners LLC.

A Pre-Paid Advance Agreement is a financial arrangement where a company receives a lump sum of money upfront from an investor or lender in exchange for future considerations. Typically, the company agrees to repay the advance over time through specified payments or by providing certain rights or assets to the investor.

More:

Justin Kenna, CEO of GameSquare stated, "Today's announcement is the culmination of our efforts over the past seven months to strengthen our balance sheet - primarily through non-dilutive sales of non-core assets. I am also pleased to announce that we intend to repay our outstanding senior secured convertible note balance with King Street. With a strengthened balance sheet and capital position, we have the financial resources in place to support the growth strategies we are pursuing and take advantage of growing demand trends currently underway across our global markets."

Tags: GameSquare Holdings

Share:

Sources:

Report mistake Submit news

Related news

View All

GameSquare Holdings Reveals New Head of Events

GameSquare appointed Paul Loakim as its new Head of Events. He previously worked as Director of Development at creative agency Redrock...

Business

Dec 04, 2023

GameSquare Holdings Reveals Financial Results

GameSquare Holdings revealed its Q3 2023 financial results. During the specified period, the company reported a notable increase in...

Business

Nov 17, 2023

Midwest Games Secures $2m

Midwest Games, a rising game publisher headquartered in Wisconsin, has secured a fresh $2 million investment to expand its efforts...

Investments

Sep 24, 2025

A16Z Speedrun Fund Announced

Andreessen Horowitz’s startup accelerator, A16Z Speedrun, has officially launched the application window for its sixth cohort, inviting early-stage startups to...

Investments

Sep 03, 2025

Studio Atelico Secures $5m

Atelico has raised $5 million in seed funding to power its ambitious plans to integrate generative AI directly into game...

Investments

Aug 18, 2025

GameSquare Announces $20m Pre-Paid Advance Agreement

Investments

10 July 2024 19:37

Tags: GameSquare Holdings

GameSquare Holdings has disclosed today that it entered into a $20m pre-paid advance agreement with an investment fund managed by Yorkville Advisors. According to release, with this transaction, GameSquare plans to settle the remaining $5.7m balance on its senior secured convertible note with King Street Partners LLC.

A Pre-Paid Advance Agreement is a financial arrangement where a company receives a lump sum of money upfront from an investor or lender in exchange for future considerations. Typically, the company agrees to repay the advance over time through specified payments or by providing certain rights or assets to the investor.

More:

Justin Kenna, CEO of GameSquare stated, "Today's announcement is the culmination of our efforts over the past seven months to strengthen our balance sheet - primarily through non-dilutive sales of non-core assets. I am also pleased to announce that we intend to repay our outstanding senior secured convertible note balance with King Street. With a strengthened balance sheet and capital position, we have the financial resources in place to support the growth strategies we are pursuing and take advantage of growing demand trends currently underway across our global markets."

Share:

Sources:

Report mistake Submit news

Related news

View All

GameSquare Holdings Reveals New Head of Events

GameSquare appointed Paul Loakim as its new Head of Events. He previously worked as Director of Development at creative agency Redrock...

Business

Dec 04, 2023

GameSquare Holdings Reveals Financial Results

GameSquare Holdings revealed its Q3 2023 financial results. During the specified period, the company reported a notable increase in...

Business

Nov 17, 2023

Midwest Games Secures $2m

Midwest Games, a rising game publisher headquartered in Wisconsin, has secured a fresh $2 million investment to expand its efforts...

Investments

Sep 24, 2025

A16Z Speedrun Fund Announced

Andreessen Horowitz’s startup accelerator, A16Z Speedrun, has officially launched the application window for its sixth cohort, inviting early-stage startups to...

Investments

Sep 03, 2025

Studio Atelico Secures $5m

Atelico has raised $5 million in seed funding to power its ambitious plans to integrate generative AI directly into game...

Investments

Aug 18, 2025