GameStop Plans To Sell Up To 75M Shares Of Common Stock In Addition To 45M Shares Filed On May 17, 2024
Portfolio Pulse from Benzinga Newsdesk
GameStop Corp. has filed a prospectus supplement with the SEC to sell up to 75 million shares of its Class A common stock through Jefferies LLC. This is in addition to the 45 million shares already sold, raising approximately $933.4 million.
June 07, 2024 | 11:01 am
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GameStop Corp. plans to sell up to 75 million shares of its Class A common stock, in addition to the 45 million shares already sold, raising approximately $933.4 million.
The announcement of selling up to 75 million additional shares is likely to dilute the value of existing shares, which could lead to a short-term decrease in the stock price. The previous sale of 45 million shares has already raised significant capital, but the market may react negatively to further dilution.
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