GameStop (NYSE:GME) is giving shareholders one warrant for each of the 10 shares held entitling the holder to purchase one GameStop (NYSE:GME) share at a price of $32.
Investors who own GameStop’s (NYSE:GME) 2030 notes and 2032 notes as of the October 3 record date also received warrants based on the same ratio and on an “as converted” to common stock basis. The exercise price represents a 24% premium to Tuesday’s closing price.
The warrants can be exercised at any time through October 30.
The distribution of additional shares pressured GME after the close, resulting in a loss of 0.30%.
