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GameStop Raises $450 Million Again, Potentially for Buying BTC
Summary: In a breaking news, game retailer GameStop disclosed in a filing to the US SEC on Tuesday that it raised $450 million again through the exercise of its over-allotment option on convertible bonds, bringing its total bond issuance to $2.7 billion by mid-June. According to SEC filings, these zero-coupon bonds due in 2032 are convertible ...
In a breaking news, game retailer GameStop disclosed in a filing to the US SEC on Tuesday that it raised $450 million again through the exercise of its over-allotment option on convertible bonds, bringing its total bond issuance to $2.7 billion by mid-June. According to SEC filings, these zero-coupon bonds due in 2032 are convertible into common stock at a 32.5% premium to the weighted average price on June 12.
