GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy

Core Viewpoint - GameStop successfully raised over $2 billion through a stock sale, capitalizing on a renewed interest in meme stocks driven by trader Roaring Kitty [1] Group 1: Financial Performance - GameStop completed an at-the-market equity offering, selling 75 million shares to generate proceeds of $2.14 billion [1] - The funds raised will be used for general corporate purposes, potentially including acquisitions and investments [1] Group 2: Stock Market Reaction - Following the announcement, GameStop's stock dipped more than 1% in premarket trading [1] - Despite the dip, shares have experienced volatility, increasing by 8% so far this week [1]