GME Stock Has Been Consolidating Between $20.2 And $26.9 This Year – Here’s What Retail Expects After Q1 Earnings Beat, Buyback

GameStop, led by Ryan Cohen, filed an updated Schedule 13D showing it has direct ownership of 25,000 eBay (EBAY) shares and derivative exposure to over 34.5 million more shares, totaling about 7.78% of eBay’s outstanding common stock, up from 6.55% on May 20. GameStop paid about $1.59 million in net premiums for added exposure. eBay previously rejected a proposed $56 billion deal.

GameStop shares (GME) jumped briefly after social media posts linked to “Roaring Kitty” Keith Gill, then reversed overnight. In an SEC filing, GameStop asked shareholders to raise authorized Class A shares from 1B to 2.5B and proposed performance-based CEO Ryan Cohen stock options covering about 171.5M shares. The filing also references a potential eBay (EBAY) deal.

GameStop Corp. agreed to privately exchange about $1.40 billion of zero-coupon convertible senior notes for Class A common stock to reduce long-term debt without cash, with closing expected around late September 2026, according to the company. The share count will be set during a 35-day pricing window, increasing potential dilution. GME shares fell about 14% after the plan.

GameStop (NYSE: GME) said it agreed to privately exchange about $1.4 billion of its convertible senior notes for shares of Class A common stock, with no cash proceeds. Holders will exchange about $400 million of 2030 notes and $1.0 billion of 2032 notes. The notes will be canceled, reducing long-term debt by about $1.4 billion. Closing expected around Sept. 23, 2026.

GameStop (NYSE:GME) said it agreed to swap about $400M of 2030 convertible notes and $1B of 2032 convertible notes for shares, with no cash paid. The share count will depend partly on the 35-day VWAP starting Aug. 3, 2026, subject to a per-share price floor. The company warned participating noteholders may trade or hedge, potentially affecting GME’s price. GME was down 13.84% to $18.71 at publication.

GameStop Corp. (GME) agreed to exchange about $1.4B of convertible senior notes for its Class A common stock in a privately negotiated deal. It covers about $400M of zero-coupon notes due 2030 and $1B due 2032. GameStop will issue shares and receive no cash, canceling the notes and cutting long-term debt by about $1.4B; shares fell after the announcement.