GameStop Completes ATM Initiative

GameStop Corp. (NYSE: GME) has announced the completion of its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

On September 10, 2024, GameStop revealed it had filed a prospectus supplement with the U.S. Securities and Exchange Commission, allowing for the offer and sale of up to 20,000,000 shares of its common stock through the ATM Program. The company successfully sold the maximum number of shares registered under this program, generating approximately $400 million in gross proceeds before commissions and offering expenses.

GameStop plans to utilize the net proceeds from the ATM Program for general corporate purposes, which may include potential acquisitions and investments.