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 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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Wall Street traded cautiously on Thursday midday, with major indexes mostly flat while the U.S. dollar slumped to over two-year lows, as investors digested a double dose of soft inflation and a surprise uptick in jobless claims that further bolstered expectations for interest rate cuts.
Shares of video game retailer GameStop (NYSE:GME)
fell 19.4% in the morning session after the company announced plans to offer $1.75 billion in Convertible Senior Notes due in 2032 to qualified institutional buyers. The stock is likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count.
A cryptocurrency named after GameStop Corp. (NYSE:GME) blasted to triple-digit gains Wednesday after the video game retailer announced plans to raise over a billion dollars for investment purposes.
Shares of video game retailer GameStop (NYSE:GME)
fell 5.2% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Sales missed expectations, down a whopping 17%, signaling persistently soft demand for its core offerings. The miss was driven by shrinking sales in hardware and software, wiping out gains in the collectibles business that grew to nearly 30% of total sales.
