Summary by Futu AI
On September 23, 2024, GameStop Corp. announced the successful completion of its at-the-market equity offering program, through which the company sold 20 million shares of common stock, raising approximately $400 million before commissions and offering expenses. The program, which was previously disclosed on September 10, 2024, reached its maximum share issuance under the terms set forth by the U.S. Securities and Exchange Commission. GameStop intends to allocate the net proceeds from the offering towards general corporate purposes, which may include strategic acquisitions and investments. The completion of the offering was made public via a press release, which is incorporated into the company's current report filed with the SEC.