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GameStop raises over $2B in stock sale during Roaring Kitty craze

Posted on AllSides June 12th, 2024
From The Right

GameStop raised more than $2 billion after selling 75 million shares, the video game retailer said Tuesday. The sales of the shares stemmed from an at-the-market equity offering program that GameStop announced earlier in the month. ‘ROARING KITTY’ COULD NOT SAVE GAMESTOP AS MEME STOCK TANKS "GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments," the retailer said. It marked the second at-the-market equity offering that GameStop has conducted in the past month, following a smaller one involving...

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