04:23 PM EDT, 05/24/2024 (MT Newswires) -- GameStop ( GME ) was surging in extended activity late Friday, with shares climbing almost 22%, after saying it completed an offering of 45 million shares priced at-the-market and generating $933.4 million in gross proceeds, indicating an average price of around $20.74 a share.

After paying underwriter commissions and other offering expenses, the retail chain plans to use the net proceeds for general corporate purposes, including potential acquisitions and investments, it said.

Price: 22.87, Change: +3.87, Percent Change: +20.37