GameStop Corp. Furnishes Details on Warrant Distribution to Shareholders and Noteholders
Summary
GameStop Corp. announced on October 7, 2025, the distribution of warrants to its shareholders and convertible noteholders, as detailed in a press release (Ex. 99.1) and a Warrant Agreement (Ex. 4.1). The warrants were distributed to record holders as of October 3, 2025. Each holder of common stock received one warrant for every ten shares held, with convertible noteholders receiving warrants on an "as converted" basis. These warrants are exercisable for cash at $32.00 per share and expire on October 30, 2026. * Warrants allow purchase of one share of Common Stock at $32.00 cash exercise price. * Warrants expire on October 30, 2026. * Up to 59,153,963 shares of Common Stock may be issued upon exercise (via Ex. 5.1). * Computershare Inc. and Computershare Trust Company, N.A. act as Warrant Agent.
Why It Matters
This warrant distribution provides existing shareholders and convertible noteholders with the opportunity to acquire additional common stock at a fixed price, potentially increasing their ownership stake and providing a future cash inflow to the company upon exercise. The potential issuance of up to 59,153,963 shares upon exercise (via Ex. 5.1) represents a significant potential dilution and capital raise event for the company.
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Key Quote
“On October 7, 2025, the Company issued a press release announcing the distribution of warrant dividends to its shareholders and eligible noteholders as of the October 3, 2025 record date.”
— From Item 7.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001326380
- Filing Date
- Tuesday, October 7, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive