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Discussion Case #6 - GameStop During the first fiscal quarter of 2021, GameStop sold 3,500,000 shares of new common stock. GameStop intended to use the

Discussion Case #6 - GameStop

During the first fiscal quarter of 2021, GameStop sold 3,500,000 shares of new common stock. GameStop intended to use the $551.7million in net proceeds (net of $5 million of issuance costs) generated from the offering for several purposes, including repayment of existing long term debt.

The following debt disclosure is from GameStop's first quarter Form 10-Q:

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