GameStop news as we once again talks about stocks. The company wants to use the stocks it has to raise capital. This is how it is stated in the article.
“GameStop has announced that it will be selling up to 3.5 million of its own shares, thus finally taking advantage of the company’s heightened stock price. This morning, GameStop announced that it has filed a prospectus supplement with the SEC that would allow the company to offer and sell up to 3.5 million ot its own common stock. GameStop plans to use the net proceeds from this sale to “further accelerate its transformation” and generally strengthen its balance sheet by adding liquidity to its balance sheet.”
Now as the transformation they are talking about is GameStop moving from just a retailer to an event spot for videogames as just selling games isn’t working for the company. This is a guess as in the article they didn’t explain the transformation but this is what they touched on in the past. But we will see.
Article:GameStop to Cash Out on Stock Craze, Will Sell Own Stock to Raise Capital (comicbook.com)
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