Gamestop video game retailer (GME) He raised additional $ 450 million through a sale of senior notes convertible zero coupon, the company revealed in a presentation on Tuesday at the SEC.
This occurred only one week after the initial private placement of $ 2.25 billion of the retailer, which raised the collection of total funds to $ 2.7 billion of the offer, the company said.
The additional notes were sold under a 13 -day option granted to the initial buyer, who exercised the so -called “Greensho” option. The notes, which expire in 2032, can become common shares of Gamestop at a price of $ 28.91, which represents a 32.5% premium on the average weighted by the volume of the action as of June 12, the time of the initial offer.
Capital will be used for general corporate purposes and “make investments consistently with Gamestop’s investment policy”, which includes Bitcoin’s acquisition
as a treasure reserve asset.
Gamestop is one of the growing cadres of companies that are publicly marketed to follow a cryptographic treasury strategy. Capital raises selling shares and issuing debt to add cryptocurrencies as BTC to their balances, reflecting the play book of Michael Saylor’s strategy (Mstr). The company made its initial acquisitions of Bitcoin in May, buying 4,710 coins for approximately $ 500 million after an offer of convertible notes of $ 1.3 billion.
GME’s actions are stable on Wednesday morning.
