GameStop Files to Sell an Additional 75 Million Shares of GME Stock
GMEGameStop(GME) Investor Place·2024-06-07 23:17

GameStop’s (NYSE:GME) at-the-market (ATM) offering is here and it really shouldn’t surprise anyone given the recent surge in shares. Offering the same dollar amount of shares at a higher price will result in less dilution when compared to offering shares at a lower price. GameStop last sold 45 million shares worth $933.4 million after making an announcement on May 17. Now, the video game retailer wants to sell up to another 75 million shares. “We intend to use the net proceeds of this offering, if any, for ...