other material
confidence high
sentiment neutral
materiality 0.65
GameStop files to sell up to 75M additional shares via ATM offering; already raised $933M
GameStop Corp.
- Filed prospectus supplement for at-the-market offering of up to 75M shares of Class A common stock via Jefferies.
- Previously sold 45M shares for ~$933.4M gross proceeds under same Sales Agreement since May 17, 2024.
- Proceeds intended for general corporate purposes including acquisitions and investments per investment policy.
- Sales agent Jefferies to receive commission up to 1.5% of gross sales price per share sold.
- Offering terminates upon sale of all shares or termination of Sales Agreement; can be suspended any time.