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GameStop Raises $2 14 Billion Amid Roaring Kitty-Fueled Retail Trading Frenzy

GameStop Raises $2 14 Billion Amid Roaring Kitty-Fueled Retail Trading Frenzy
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GameStop raises $2 14 billion amid Roaring Kitty-fueled retail trading frenzy

Shares of the videogame retailer, which has been at the center of the meme stock frenzy, rose more than 5% on the news before reversing course to fall 1.6% in volatile extended trading. On a livestream on Friday with more than 600,000 viewers, Gill, the key figure behind an eye-popping rally in the struggling company's stock in 2021, joked about memes and interspersed his discussion of GameStop with various disclaimers. GameStop said it sold the maximum amount of 75 million shares registered under the program.

GameStop raises $2 14 bln amid Roaring Kitty-fueled retail trading frenzy

GameStop said on Tuesday it had completed an at-the-market equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer Keith Gill s first.

GameStop raises $2 14 billion amid Roaring Kitty-fueled retail trading frenzy

GameStop said on Tuesday it had completed an at-the-market equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer Keith Gill s first.

UAW reaches tentative agreement with Ultium Cells

(Reuters) - The United Auto Workers union said on Monday it had reached a tentative agreement over a new contract with Ultium Cells in Lordstown, Ohio, where workers build EV batteries for vehicles of General Motors. Ultium Cells is a joint venture.

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