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.