GameStop Stock Soars After $933 Million Share Sale

The video game retailer capitalizes on meme stock mania, raising significant funds amid volatile trading.

GameStop shares surged up to 25% in pre-market trading following the announcement.
The company sold 45 million shares, generating approximately $933 million.
Proceeds will be used for general corporate purposes, possibly including acquisitions and investments.
Despite the stock surge, GameStop's projected quarterly sales are significantly lower than last year.
Analysts remain skeptical about the company's long-term financial health.