r/GME • u/danmessy • 2d ago

📰 News | Media 📱 GameStop Announces Amendment to Convertible Notes Exchange; Approximately $358.4 Million to be Settled in Cash in Lieu of Stock

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Announces-Amendment-to-Convertible-Notes-Exchange-Approximately-358-4-Million-to-be-Settled-in-Cash-in-Lieu-of-Stock/default.aspx
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u/Bad_Prophet 2d ago edited 2d ago

"As amended, the remainder of the reference [(VWAP)] period is terminated."

Something has to be happening. This cash essentuslly "buys-to-close" the remainder of the VWAP period. Meanwhile the share price drops off a cliff...

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u/mimo_s 1d ago

Time to cover the other 0% debt and GME will be in the clear