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The company recently announced it would offer around $1.3 billion worth of convertible senior notes.

Video game retailer GameStop has announced another plan to dilute shareholders with a convertible debt offering worth up to $1.5 billion.

GameStop's total directly registered shares has dropped slightly since the previous quarter

The GameStop company put up gross profits of $1.114 billion in its fiscal year ending on February 1, 2025.

The move was unanimously approved by GameStop's board.

GameStop stock saw a sharp rise in after hours trading following its latest earnings release.

CEO Ryan Cohen citing 'wokeness,' 'progressivism,' and 'DEI' as reasons GameStop is looking for buyers for its Canada and France store operations.

According to GameStop's 10-Q accompanying its Q3 2024 earnings results, 71.0 million shares of the company are held by registered holders.

GameStop is out with its earnings report for the third quarter of its fiscal year.