GameStop amends $1.4B convertible notes exchange, adding $358.4M cash settlement

GameStop Corp. has amended its previously announced exchange agreements with holders of its 0.00% Convertible Senior Notes due 2030 and 2032, totaling approximately $1.4 billion. The revised terms now include a cash settlement of about $358.4 million, in addition to the issuance of approximately 55.5 million shares of Class A common stock. This adjustment aims to fix the total number of shares issuable and mitigate potential dilution.

AI-generated from public news sources. Not financial advice.