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GameStop has completed the share offering it launched a week ago in the wake of a stock rally, saying it sold the maximum number of shares it had registered for $933.4 million in proceeds.
Texas-based GameStop's planned sale of 75 million shares of common stock raised more than $2 billion in gross proceeds, the video game retailer said on Tuesday.
The drop was the result of dilution caused by GameStop selling shares, rather than Cohen divesting. In May, the company had raised $933.4 million by selling 45 million shares.
GameStop on Friday said it had raised $933.4 million from a stock sale. The video game retailer said earlier this month it intended to sell up to 45 million shares of its common stock through an ...
The latest stock sale, first flagged on Friday, raised $2.137 billion, the videogame retailer said late Tuesday. It raised $933.4 million through an "at-the-market" offering last month.
GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month.
GameStop on Friday said it had raised $933.4 million from a stock sale. The video game retailer said earlier this month it intended to sell up to 45 million shares of its common stock through an ...
GameStop sold 45 million shares under the plan, with aggregate gross proceeds of $933.4 million, representing a share price of around $20.74.
Videogame retailer GameStop said on Tuesday it had completed an "at-the-market" equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer ...
It looks like the effects of the return of Roaring Kitty are still lingering, as GameStop (NYSE:GME) stock is up by 20% following the completion of its $933.4 million at-the-market (ATM) offering ...