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TopicGamestop generated over $1.1B from selling 5 million shares of its common stock
Bio1590
06/22/21 9:39:38 AM
#1:


https://markets.businessinsider.com/news/stocks/gamestop-stock-price-jumps-after-stock-offering-equity-raise-2021-6-1030542896

In a statement, the company said it completed its previously announced at-the-market equity offering, selling 5 million shares of its common stock to raise $1.126 billion - bringing GameStop's total capital on hand to about $1.9 billion.

The proceeds will be used for "general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet," the company said in its statement.


lmfao
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