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Acclaim Entertainment Adds Capital
Acclaim Entertainment has secured millions in new funds through a stock sale.
1 Min Read
![](https://eu-images.contentstack.com/v3/assets/blt740a130ae3c5d529/bltba62518415cda0e2/652fe6ddbc479f8697ef691f/default-cubic.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
The private placement of 9.4 million shares of common stock to institutional investors earned Acclaim $33.6 million in new funds. The company plans to use the money to pay down debt, finance product development and marketing, and make acquisitions.
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