GameStop completes ‘at-the market’ equity offering program

GameStop Corp. announced that it has completed its previously disclosed “at-the-market” equity offering program. GameStop disclosed on May 17 that it filed a prospectus supplement with the SEC to offer and sell up to a maximum amount of 45M shares of its common stock from time to time through the ATM Program. The company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds of approximately $933.4M. GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.