On June 7, 2024, GameStop Corp., a Delaware-based company, announced the filing of a prospectus supplement with the SEC for an at-the-market offering program. The offering allows for the sale of up to 75 million shares of Class A common stock through Jefferies LLC, acting as the sales agent. GameStop has already sold 45 million shares for approximately $933.4 million under the existing agreement. The shares are offered under an automatic shelf registration statement filed on May 17, 2024. The company has the flexibility to control the terms of the sale, including the timing, amount, and minimum price of shares sold. The sales agent will receive up to 1.5% commission on the gross sales price. The offering will continue until all shares are sold or...Show More

On June 7, 2024, GameStop Corp., a Delaware-based company, announced the filing of a prospectus supplement with the SEC for an at-the-market offering program. The offering allows for the sale of up to 75 million shares of Class A common stock through Jefferies LLC, acting as the sales agent. GameStop has already sold 45 million shares for approximately $933.4 million under the existing agreement. The shares are offered under an automatic shelf registration statement filed on May 17, 2024. The company has the flexibility to control the terms of the sale, including the timing, amount, and minimum price of shares sold. The sales agent will receive up to 1.5% commission on the gross sales price. The offering will continue until all shares are sold or the agreement is terminated. GameStop intends to use the net proceeds for general corporate purposes, potentially including acquisitions and investments. The sales agreement was previously filed with the SEC and is referenced for detailed terms. The report emphasizes that this does not constitute an offer to sell or a solicitation of an offer to buy any securities.