GameStop falls following $1.75 bln convertible debt offering

ReutersJun 12, 2025 8:39 AM

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Shares of videogame retailer GameStop GME.N fall 12.47% premarket, after falling 5.31% in the previous session

Co announces private offering of $1.75 billion 0% 7-yr convertible bonds as it looks to raise capital

Co says it plans to use the offering’s net proceeds for general corporate needs, including investments "in a manner consistent with GameStop’s Investment Policy" and potential acquisitions

Earlier this week, GME reported Q1 rev down 17% to $732.4 million vs $881.8 million a year ago, hurt by a consumer shift to digital gaming

Stock down ~9% YTD through Wednesday

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