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GameStop amends convertible notes exchange, fixes equity issuance and settles USD 358.4 million in cash
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GameStop amends convertible notes exchange, fixes equity issuance and settles USD 358.4 million in cash
  • GameStop amended its exchange agreements to swap about USD 1.4 billion of 0.00% Convertible Senior Notes due 2030 and 2032.
  • Settlement shifted from all-stock to a mix of fixed stock issuance, cash, ending the 35-day VWAP reference period early.
  • Noteholders will receive about 55,500,000 Class A shares, cash of about USD 358.4 million, funded from cash on hand.
  • No additional shares will be issued for the exchange; remaining consideration was fixed using prices from the last trading day before amendments.
  • Post-closing, about USD 2.8 billion of the notes will remain outstanding; closing targeted around Sept. 3, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GameStop Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202608310611BIZWIRE_USPR_____20260830_BW044447) on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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