GameStop Completes At-The-Market Equity Offering Program
June 22 2021 - 6:45AM
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today
announced that it has completed its previously announced
“at-the-market” equity offering program (the “ATM Offering”).
GameStop disclosed on June 9, 2021 that it filed
a prospectus supplement with the U.S. Securities and Exchange
Commission to offer and sell up to a maximum of 5,000,000 shares of
its common stock from time to time through the ATM Offering. The
Company ultimately sold 5,000,000 shares of common stock and
generated aggregate gross proceeds before commissions and offering
expenses of approximately $1,126,000,000.
GameStop will use net proceeds from the ATM
Offering for general corporate purposes as well as for investing in
growth initiatives and maintaining a strong balance sheet.
About GameStop
GameStop, a Fortune 500 company headquartered in
Grapevine, Texas, is a leading specialty retailer offering games
and entertainment products through its E-Commerce properties and
thousands of stores. Visit www.GameStop.com to explore our products
and offerings. Follow @GameStop and @GameStopCorp on Twitter and
find us on Facebook at www.facebook.com/GameStop.
Cautionary Statement Regarding
Forward-Looking Statements - Safe Harbor
This press release contains “forward looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements generally,
including statements about the ATM Offering and the use of proceeds
therefrom, include statements that are predictive in nature and
depend upon or refer to future events or conditions, and include
words such as “believes,” “plans,” “anticipates,” “projects,”
“estimates,” “expects,” “intends,” “strategy,” “future,”
“opportunity,” “may,” “will,” “should,” “could,” “potential,” or
similar expressions. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update
any of them publicly in light of new information or future events.
Actual results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the SEC including, but not limited to, the
Company’s Annual Report on Form 10-K for the fiscal year ended
January 30, 2021, filed with the SEC on March 23, 2021. All
filings are available at www.sec.gov and on the Company’s
website at www.GameStop.com.
Contact
For Stockholders:
GameStop Investor
Relations817-424-2001investorrelations@gamestop.com
For Media:
Greg Marose / Charlotte Kiaiegamestop@profileadvisors.com
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