GameStop (GME) Completes At-The-Market Equity Offering Program, Raising $1.126B
Get Alerts GME Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 13.9%
Revenue Growth %: -7.2%
Join SI Premium – FREE
GameStop Corp. (NYSE: GME) today announced that it has completed its previously announced “at-the-market” equity offering program.
GameStop disclosed on June 9, 2021 that it filed a prospectus supplement with the U.S. Securities and Exchange Commission to offer and sell up to a maximum of 5,000,000 shares of its common stock from time to time through the ATM Offering. The Company ultimately sold 5,000,000 shares of common stock and generated aggregate gross proceeds before commissions and offering expenses of approximately $1,126,000,000.
GameStop will use net proceeds from the ATM Offering for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Brenmiller Energy (BNRG) Issues 2023 Operational Update
- Fate Therapeutics (FATE) Prices 14.55M Share Offering at $5.50/sh
- Workhorse Group (WKHS) Enters $139M Convertible Note Transaction
Create E-mail Alert Related Categories
Corporate News, Equity Offerings, Momentum MoversRelated Entities
Twitter, Earnings, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!