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
GameStop plunged 11% in premarket trading.Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet。Common Stock will be offered through Jefferies LLC , which is serving as the sales agent. Jefferies may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415 of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sal