GameStop raises $1.5B via zero-coupon convertible notes due 2030

GameStop Corp.

Net proceeds of $1.48B from $1.5B aggregate principal of 0.00% Convertible Senior Notes due 2030.
Initial conversion price ~$29.85/share, representing a 37.5% premium over VWAP on pricing date.
Notes unsecured, no regular interest; mature April 1, 2030; redeemable after April 6, 2028 if stock ≥130% of conversion price.
Proceeds to be used for general corporate purposes, including acquisition of Bitcoin per company's Investment Policy.
Holders may require repurchase on April 3, 2028 at 100% principal plus accrued interest.

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