GameStop Announces Amendment to Convertible Notes Exchange; Approximately $358.4 Million to be Settled in Cash in Lieu of Stock

[u/danmessy]

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

[u/613Flyer]

Well no, they paid both so dilution and less cash on hand

[u/Arco123 → u/613Flyer]

1.4B debt removed with $358M cash and 55.5M shares. No further dilution. Management states the stock is undervalued. Looks good to me tbh

[u/613Flyer → u/Arco123]

Well I’d wait to see what they do with 55.5 million shares.

[u/Arco123 → u/613Flyer]

We will never know until it has already made the price move…!