GameStop ($GME) has filed Form 424B5 to sell up to 75 million shares of its Class A common stock. This move comes after the company sold 45 million shares between May 17th and May 24th at an average price of $20.74 per share. The decision to issue additional shares is seen as a strategic move by the company to capitalize on its current market position.
Fun Fact: Between May 17th and May 24th, $GME sold 45 million shares at an average price of $20.74.
$GME is not the same as years ago. Less short interest, and a lot more shares available. Now we have 75M more that can be sold by the company at any time. Reign in those gandeous expectations!
$GME back to the top of today's top of Value Area *GAMESTOP MAY SELL UP TO 75M SHARES OF CLASS A STOCK https://t.co/j4qPfIkjtm
$gme issuing up to 75m shares this morning is exactly how corporates should play this game.
$Gme shorts in a bit. https://t.co/JuJhfWEkXH
*GAMESTOP MAY SELL UP TO 75M SHARES OF CLASS A STOCK - The Roaring Kitty now will have to go live on OnlyFans to push the stock higher.
The grift continues: *GAMESTOP MAY SELL UP TO 75M SHARES OF CLASS A STOCK
$GME gonna dump 75m shares into this squeeze. https://t.co/62XNrclaro
GameStop May Sell Up to 75M Shares of Class A Stock And Roaringkitty is up at noon ๐
*GAMESTOP $GME MAY SELL UP TO 75M SHARES OF CLASS A STOCK https://t.co/b7o1wS6WLx
$GME | GameStop Files To Sell Up To 75M Shares
GAMESTOP FILES TO SELL UP TO 75M SHARES https://t.co/SS3UvUeyCx
๐๐๐๐๐ *GAMESTOP MAY SELL UP TO 75M SHARES OF CLASS A STOCK
$GME - Filed Form 424B5 Up to 75,000,000 Shares Class A Common Stock