GameStop Stock Flat After $450M Capital Raise

, By Cointelegraph
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GameStop shares have traded sideways despite another $450 million raise as part of its private convertible note offering for investments, which could include Bitcoin.

The retailer disclosed to the US Securities and Exchange Commission on Monday that someone who opted into the initial $2.25 billion note offering has decided to purchase an additional $450 million.

The funds have been earmarked for general corporate purposes, including investments and potential acquisitions. Bitcoin (BTC) wasn’t specifically mentioned, but the retailer has flagged plans…



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GameStop Stock Flat After $450M Capital Raise

, Published By Cointelegraph
Blockchain


GameStop shares have traded sideways despite another $450 million raise as part of its private convertible note offering for investments, which could include Bitcoin.

The retailer disclosed to the US Securities and Exchange Commission on Monday that someone who opted into the initial $2.25 billion note offering has decided to purchase an additional $450 million.

The funds have been earmarked for general corporate purposes, including investments and potential acquisitions. Bitcoin (BTC) wasn’t specifically mentioned, but the retailer has flagged plans…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Meta’s recruiting blitz claims three OpenAI researchers
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