GameStop Enters Open Market Sale Agreement Under Which It May Offer And Sell Up To 45M Shares Of Class A Common Stock - Filing
Portfolio Pulse from Benzinga Newsdesk
GameStop has entered into an open market sale agreement to offer and sell up to 45 million shares of its Class A common stock, according to a recent SEC filing.
May 17, 2024 | 12:01 pm
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GameStop has entered into an open market sale agreement to offer and sell up to 45 million shares of its Class A common stock. This move could potentially dilute existing shares and impact the stock price.
The issuance of up to 45 million new shares could dilute the value of existing shares, leading to a potential decrease in the stock price. Investors may react negatively to the increased supply of shares.
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