GameStop issues additional $450M of 0% convertible notes due 2032 via greenshoe exercise

GameStop Corp.

Additional $450M principal of 0.00% Convertible Senior Notes due 2032 issued June 24, 2025, after greenshoe option exercised in full on June 23.
Net proceeds of ~$446.6M; total offering now $2.7B. Use: general corporate purposes, investments, potential acquisitions.
Conversion rate: 34.5872 shares per $1,000 (initial conversion price ~$28.91, 32.5% premium over June 12 VWAP).
Maximum shares issuable upon conversion of additional notes: 20,325,195 at initial max conversion rate of 45.1671 shares/$1,000.

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