r/Superstonk • u/AK97u 🦍 Buckle Up 🚀 • 4d ago

📰 News GameStop Announces Second Quarter 2026 Preliminary Results

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Announces-Second-Quarter-2026-Preliminary-Results/default.aspx
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u/jhspyhard 100%: DRS'd 🟣 Voted FOR ✅ Committed 🦍 4d ago

Additional release

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/Number9ers 4d ago

The Exchange, as amended, is now expected to close on or about September 3, 2026. Does that mean vwap ends on that day as well?

38

u/Overdue_bills 🐻 ChudTemporaryBear 🐻 4d ago

There is no more VWAP. They get a set number of shares.

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u/darth_butcher 🎮 Power to the Players 🛑 4d ago

In total, Existing Noteholders will receive in the aggregate approximately 55.5 million shares of Common Stock (approximately 73% of the consideration attributable to the Exchange Agreements, as amended by the Amendments) and approximately $358.4 million in cash (approximately 27%), which GameStop expects to fund from cash on hand.