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GameStop | 8-K: GameStop Completes At-The-Market Equity Offering Program

SEC ·  Sep 24, 2024 04:09

Summary by Futu AI

GameStop Corp. announced on September 23, 2024, the successful completion of its "at-the-market" equity offering program. The company sold the maximum allocation of 20 million shares of its common stock, generating aggregate gross proceeds of approximately $400 million before commissions and offering expenses.The ATM Program, initially disclosed on September 10, 2024, was executed through a prospectus supplement filed with the U.S. Securities and Exchange Commission. The company plans to utilize the net proceeds for general corporate purposes, including potential acquisitions and investments.
GameStop Corp. announced on September 23, 2024, the successful completion of its "at-the-market" equity offering program. The company sold the maximum allocation of 20 million shares of its common stock, generating aggregate gross proceeds of approximately $400 million before commissions and offering expenses.The ATM Program, initially disclosed on September 10, 2024, was executed through a prospectus supplement filed with the U.S. Securities and Exchange Commission. The company plans to utilize the net proceeds for general corporate purposes, including potential acquisitions and investments.

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