10:41 AM EDT, 05/28/2024 (MT Newswires) -- GameStop ( GME ) shares were up nearly 15% in recent Tuesday trading, extending gains from late Friday, after the company said it completed an offering of 45 million shares priced at-the-market, generating $933.4 million in gross proceeds.

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: 21.81, Change: +2.81, Percent Change: +14.76