GameStop Corp is a retail company that specializes in video games, consumer electronics, and gaming merchandise. With a strong focus on enhancing the gaming experience, GameStop operates a chain of stores where customers can purchase new and pre-owned video games, consoles, accessories, and memorabilia. In addition to traditional retail, GameStop has been exploring opportunities in the digital gaming market, including online sales and digital downloads. The company's commitment to the gaming community is further exemplified through various customer engagement initiatives and loyalty programs designed to foster a strong connection with gamers. Read More
GameStop shares are trading marginally higher Wednesday afternoon. The company has completed a private offering of $2.25 billion in convertible senior notes.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
GameStop Corp. (NYSE: GME) (“GameStop”), today announced the pricing of its upsized $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $450 million aggregate principal amount of notes. The sale of the notes is expected to close on June 17, 2025, subject to customary closing conditions.
As a new GameStop Corp. (NYSE: GME) ETF is set to make its debut, retail traders and investors are already calling foul, flagging concerns of market distortion and potential misuse by market participants.
GameStop's (NYSE:GME) stock took a sharp hit on Thursday, falling 22% to $22.12 by midday Eastern Time, following the announcement that it plans to issue $1.75 billion in convertib
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