GME Stock Recent News

GameStop Corp. late Wednesday said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.

GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop”) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). GameStop also intends to grant the ini.

GME tops Q1 earnings expectations as collectibles jump 55% and cost cuts drive higher margins despite falling sales.

In a market trying to hold onto gains this morning, Diane King Hall analyzes three companies seeing down action after earnings. She talks about Chewy's (CHWY) sell-off despite a beat and how its recent price action may play a factor.

Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA, OTC:NVAAF) Ltd has begun a 3,000-metre diamond drilling program at its Stibium prospect, targeting a maiden Mineral Resource Estimate (MRE) for both gold and antimony. Located near the company’s Whiskey Bravo camp and Korbel gold deposit in Alaska, the campaign will test high-grade mineralisation identified in previous surface sampling. The company is also continuing to advance its application for funding through the United States Department of Defense (DoD) to accelerate its antimony value chain. If successful, the funding will support further drilling, the construction of a processing facility at Port Mackenzie, and the engagement of refining expertise and offtake partners. “We’re excited to commence the first-ever drilling at our Stibium antimony-gold prospect—an important milestone that complements, our continued focus on advancing our Tier-1 gold and antimony assets across the broader Estelle Project,” Nova CEO, Christopher Gerteis

GameStop has significantly improved its cash position and reduced debt, strengthening its financial stability. Q1 results highlight material operational improvements in the cash flow, yet still a shrinking business. The company's recent accumulation of Bitcoin puts it in a similar camp as MSTR now, vying for "BTC yield."

U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% points on Wednesday.

Videogame retailer GameStop reported earnings for the first fiscal quarter, compared with a loss a year ago. It didn't disclose any new Bitcoin buys.

GameStop is undergoing a dramatic pivot from traditional retail to a cash-rich, crypto-focused investment holding company. Despite a surprise Q1 profit and strong momentum, core retail sales are declining, stores are closing, and valuation appears stretched relative to fundamentals.

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has announced leadership changes and cost reductions as part of a streamlining initiative. Neil Herbert will become non-executive chairman from 1 July, with Keith Muller, CEO, assuming full responsibility for the company's operations and strategy. Herbert’s remuneration will reduce in line with his new role, the company noted, and he will no longer be eligible for a performance bonus. Also, Keith Muller accepted a temporary 10% pay cut. It comes as the company is driving towards the construction of the Ewoyaa project, in Ghana. "Transitioning to non-executive chairman and consolidating management under Keith ensures a sharper focus on operational delivery and cost control as we move towards construction at Ewoyaa,” Herbert said in a statement. Muller added: “We are taking decisive steps to streamline our leadership and reduce costs, ensuring we are well-positioned to deliver long-term value for Ghana and our shareholders." Game