Reported 1 day ago
GameStop is making headlines again as it prepares to distribute warrants to its common stockholders on October 7. For every ten shares owned, investors will receive a warrant allowing them to purchase GameStop stock at $32 per share until October 30, 2026. This move aims to raise cash without diluting existing shares and is seen as a potential game changer for the iconic meme stock, despite facing challenges like declining sales and recent volatility.
Source: YAHOO