Heroic’s crucial $1 million fundraise buys time, but CS:GO org still faces financial hurdles

Heroic, a Norwegian esports organization that houses one of the best CS:GO teams in the world, has found enough investors willing to acquire 10 million shares at NOK 1 (around $0.095), according to the latest shareholders’ update on the platform Euronext NOTC yesterday, and has raised the nearly $1 million necessary to keep operations running for now.

The organization called for an extraordinary general meeting to raise between NOK 12 million (around $1.14 million) and NOK 20 million (around $1.9 million) at NOK 2 (around $0.19) per share last week but stumbled upon an “insufficient interest of subscribers” willing to buy Heroic’s shares at that time.

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