GameStop Completes $400M At-The-Market Equity Offering Program For General Corporate Purposes Including Potential Acquisitions And Investments
Portfolio Pulse from Benzinga Newsdesk
GameStop has completed a $400 million at-the-market equity offering program. The funds will be used for general corporate purposes, including potential acquisitions and investments.
September 23, 2024 | 8:07 pm
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GameStop has successfully raised $400 million through an at-the-market equity offering. The capital will be used for general corporate purposes, which may include acquisitions and investments.
The completion of a $400 million equity offering provides GameStop with significant capital for strategic initiatives. This could lead to growth opportunities through acquisitions and investments, potentially boosting investor confidence and positively impacting the stock price.
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