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GameStop | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-RC VENTURES LLC(10.5%),RYAN COHEN(10.5%)

SEC announcement ·  May 25 05:13
Summary by Futu AI
On May 24, 2024, an Amendment No. 8 to the Schedule 13D was filed with the United States Securities and Exchange Commission by RC Ventures LLC and Ryan Cohen, regarding their ownership in GameStop Corp. The amendment was triggered by a change in the number of outstanding shares of GameStop following the completion of the company's 'at-the-market offering' program. As disclosed in the filing, RC Ventures LLC directly owns 36,847,842 shares, representing approximately 10.5% of GameStop's outstanding shares. Ryan Cohen, as the Manager of RC Ventures, is deemed to beneficially own the same amount of shares, also constituting about 10.5% of the outstanding shares. The filing clarifies that neither RC Ventures nor Ryan Cohen admits to being the beneficial owner of any securities of GameStop that they do not directly own, and they specifically disclaim beneficial ownership of the reported securities not directly owned by them. No transactions in GameStop securities by the reporting persons have occurred in the past sixty days or since the filing of Amendment No. 7 to the Schedule 13D.
On May 24, 2024, an Amendment No. 8 to the Schedule 13D was filed with the United States Securities and Exchange Commission by RC Ventures LLC and Ryan Cohen, regarding their ownership in GameStop Corp. The amendment was triggered by a change in the number of outstanding shares of GameStop following the completion of the company's 'at-the-market offering' program. As disclosed in the filing, RC Ventures LLC directly owns 36,847,842 shares, representing approximately 10.5% of GameStop's outstanding shares. Ryan Cohen, as the Manager of RC Ventures, is deemed to beneficially own the same amount of shares, also constituting about 10.5% of the outstanding shares. The filing clarifies that neither RC Ventures nor Ryan Cohen admits to being the beneficial owner of any securities of GameStop that they do not directly own, and they specifically disclaim beneficial ownership of the reported securities not directly owned by them. No transactions in GameStop securities by the reporting persons have occurred in the past sixty days or since the filing of Amendment No. 7 to the Schedule 13D.
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