GameStop Completes "At-The-Market" Equity Offering Program, Selling 45M Shares For Gross Proceeds Of Approximately $933.4M
Portfolio Pulse from Benzinga Newsdesk
GameStop has completed its 'At-The-Market' equity offering program, selling 45 million shares and raising approximately $933.4 million in gross proceeds.
May 24, 2024 | 8:09 pm
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GameStop has successfully raised $933.4 million through its 'At-The-Market' equity offering by selling 45 million shares. This influx of capital could be used for various strategic initiatives, potentially strengthening the company's financial position.
The successful completion of the equity offering provides GameStop with significant capital, which can be used for growth initiatives, debt reduction, or other strategic purposes. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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