In a recent segment on ‘The Claman Countdown,’ FOX Business senior correspondent Charlie Gasparino raised concerns about the timing of Roaring Kitty’s livestream and GameStop’s secondary sale. GameStop announced that it had raised over $2 billion by selling 75 million shares, as part of an at-the-market equity offering program that was previously disclosed.
This marked the second at-the-market equity offering that GameStop has conducted in recent months, with another involving 45 million shares in May that raised $933.4 million. The stock sales come at a time when GameStop has been receiving increased attention and experiencing stock price fluctuations due to meme stock retail trader Keith Gill, also known as Roaring Kitty, becoming active on his social media accounts once again.
Gill has suggested that GameStop will benefit from the actions of Ryan Cohen and his team. As GameStop continues to navigate the volatile stock market and respond to investor interest, the company’s strategic decisions like these share sales will likely play a crucial role in shaping its future financial performance and growth.
