This is good news, potentially

2021-04-06

This is good news, potentially shows they believe the squeeze could happen because they could sell anytime, not a specific date! Longtwrm this is great for GME, they are usingthis unique opportunity to grow the company. Excited!!!

GameStop shares plunged 11% in premarket trading after announcing share sale plan

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(NYSE: GME) (“GameStop” or the “Company”) today announced that it has filed a prospectus supplement withthe U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell up to a maximum of 3,500,000 shares of its common stock (the “Common Stock”) from time to time through an “at-the-market” equity offering program (the “ATM Offering”). The Company intends to use the net proceeds from any sales of its Common Stock under the ATM Offering to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet. The timing and amount of any sales will be determined by a variety of factors considered by the Company.</p><p>Common Stock will be offered through Jefferies LLC (“Jefferies”), which is serving as the sales agent. 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