GameStop Stock Is Moving Lower Thursday: What’s Going On?
Posted On March 27, 2025
GameStop Corp (NYSE:GME) shares are falling Thursday after the company announced a proposed private offering.
What Happened: GameStop announced plans to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors. The company intends to grant the initial purchasers a 13-day period to purchase up to an additional $200 million of the notes.
GameStop said it expects to use the net proceeds from the offering for general corporate purposes, including to purchase …
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