GameStop Completes At-The-Market Equity Offering Program | Gamestop Corp.
news.gamestop.com

May 24, 2024

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) – GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $933.4 million.

GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

  • jersanOPEnglish
    4•24 days ago
    Before ATM After ATM (May 24)
    Shares outstanding (approx) 305,000,000 350,000,000
    Cash on hand (approx) $1 billion $2 billion
    DRS % of outstanding shares (approx 75 million DRS) 24.7% 21.4%
  • @regolithEnglish
    1•23 days ago

    welp, glad that is over and done with.