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GameStop closed down over 22% this morning, rising 4.12% after hours.
BlockBeats news, on March 28, GameStop in the US stock market closed down over 22% this morning, and is currently up 4.12% after hours, with a market capitalization reported at $9.876 billion. Yesterday, GameStop announced plans for a private sale of $1.3 billion of 0.00% convertible preferred notes (due in 2030) targeted at qualified institutional investors. Depending on market conditions, the company may also authorize initial purchasers to add up to $200 million of notes within 13 days. GameStop stated that the funds raised will be used for general corporate purposes, including purchasing Bitcoin according to the company's investment policy.