“GameStop to Offer Up to $1 Billion in Shares; Stock Declines”
April 5, 2021
“GameStop Corp. fell early on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as of 7:19 a.m. in New York. Jefferies will manage the offering of up to 3.5 million shares, according to a statement, and proceeds will be used to further accelerate its corporate transformation. The company signed a deal in December with Jefferies to sell as much as $100 million in stock, according to a filing…”
https://finance.yahoo.com/news/gamestop-sinks-plans-offer-3-103142581.html