Olshan Advises GameStop Corp. in Its 20 Million Share At-The-Market Offering

Olshan client GameStop Corp. recently announced that it has completed its previously disclosed at-the-market equity offering program. The company sold 20 million shares of its Class A common stock in this ATM offering, which raised gross proceeds (before commissions and offering expenses) of approximately $400 million for the company. GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments. This ATM offering follows GameStop’s June 2024 offering, which raised gross proceeds (before commissions and offering expenses) of approximately $2.137 billion for the company, and its May  2024 offering, which raised gross proceeds (before commissions and offering expenses) of approximately $933 million for the company. Gross proceeds for the three offerings total approximately $3.47 billion. Olshan Corporate partner Kenneth Silverman led the Olshan team in this matter, which included partner Honghui Yu and associates John Corrado, Rachel Gold and Judith Renner.