Published , by TJ Denzer
Published , by TJ Denzer
This week, GameStop officially released its latest 10-Q form to the US Securities and Exchange Commission (SEC), detailing a number of financial details from the course of the previous season. There is a wealth of data including the company’s balance sheet up to the beginning of May 2024, but one of the more interesting numbers was GameStop’s disclosure of directly registered shares (DRS). The number came in at 74.6 million shares, which was down from GameStop’s previously reported numbers.
GameStop shared this detail on Page 23 of its Form 10-Q to the SEC for the previous season. There, GameStop discusses the quantity and nature of GME in circulation:
The 74.6 million DRS was down from GameStop’s reported DRS back in March 2024, around when the company reported its Q4 2023 results. At the time GameStop reported 75.3 million DRS. That means an approximate 700,000 drop from March 2024 to June. This also comes as GameStop is aggressively moving to put more GME in circulation. The company just completed a 75 million at-the-markets share offering that brought in approximately $2.137 billion in cash.
As GME continues to hold attention in the investment space, the company seems determined to capitalize on the moment. With hefty capital raised, it remains to be seen where GameStop goes from here, so stay tuned as we continue to cover this and other tech and gaming quarterly financial news.