According to business media reports, video game retail giant GameStop (NYSE: GME) has announced the pricing of its 0.00% convertible preferred notes maturing in 2032, with a scale of $2.25 billion. In this private sale issuance, the company also provided initial investors with additional options, allowing them to purchase up to $450 million of principal notes within 13 days after the initial issuance. After deducting various related costs, GameStop expects the net proceeds from this financing to be approximately $2.23 billion. If investors fully exercise the additional options, total net proceeds could reach $2.68 billion. The company stated that the funds raised will primarily be used for general corporate operating needs, including various investment activities and possible acquisition plans. This financing move may provide important funding support for GameStop's future business expansion.
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According to business media reports, video game retail giant GameStop (NYSE: GME) has announced the pricing of its 0.00% convertible preferred notes maturing in 2032, with a scale of $2.25 billion. In this private sale issuance, the company also provided initial investors with additional options, allowing them to purchase up to $450 million of principal notes within 13 days after the initial issuance. After deducting various related costs, GameStop expects the net proceeds from this financing to be approximately $2.23 billion. If investors fully exercise the additional options, total net proceeds could reach $2.68 billion. The company stated that the funds raised will primarily be used for general corporate operating needs, including various investment activities and possible acquisition plans. This financing move may provide important funding support for GameStop's future business expansion.