Shares of video game retailer GameStop Corp. ( GME ) rocketed in premarket trading on Tuesday, reversing a muted performance following its two-day rally on May 13 and 14.

This surge comes after GameStop ( GME ) announced late Friday that it had completed its previously disclosed “at-the-market” (ATM) equity offering, selling a maximum of 45 million common shares. The company raised approximately $933.4 million in gross proceeds, which it intends to use for general corporate purposes, including potential acquisitions and investments.

An ATM offering from GameStop ( GME ) was widely anticipated when the stock price surged 179% in just two trading sessions on May 13 and 14. After reaching an intraday high of $64.83 on May 14, the stock experienced a notable pullback.

GameStop ( GME ) jumped 25.11% to $23.71, according to Benzinga Pro data. This premarket rise was accompanied by a similar, but smaller, gain for fellow meme stock AMC Entertainment Holdings, Inc ( AMC ). , which rose 4.55% to $5.06.

See Also: Best Meme Stocks Right Now

Image via Shutterstock