GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $933.4 million.

GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

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[–] jersan@lemmy.whynotdrs.org 4 points 6 months ago

            
Before ATM
After ATM (May 24)

Shares outstanding (approx)
305,000,000
350,000,000

Cash on hand (approx)
$1 billion
$2 billion

DRS % of outstanding shares (approx 75 million DRS)
24.7%
21.4%

	Before ATM	After ATM (May 24)
Shares outstanding (approx)	305,000,000	350,000,000
Cash on hand (approx)	$1 billion	$2 billion
DRS % of outstanding shares (approx 75 million DRS)	24.7%	21.4%