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The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.
GameStop shares soared Tuesday. The company announced Friday that it had made around $933 million from a stock sale. Shares in GameStop rallied earlier this month after the social media account ...
The drop was the result of dilution caused by GameStop selling shares, rather than Cohen divesting. In May, the company had raised $933.4 million by selling 45 million shares. It had disclosed its ...
The raise was originally set for $1.3 billion, but investor demand pushed it up by another $200 million ... using stock raises to fund accumulation. GameStop’s strategy doesn’t go that ...