/biz/ - Business & Finance

Gamestop will most likely sell 70+mm new shares @ ~$100 to Hedges, pay off their debt, and remodel the business.

https://thefly.com/landingPageNews.php?id=3209193&headline=GME-GameStop-to-file-shelf-registration-for-atthemarket-share-offerings

Here's the [S-3 filing for the shelf registration](https://www.sec.gov/Archives/edgar/data/1326380/000119312520312781/d50019ds3asr.htm).). Shelf registrations are not offerings themselves. They filings that clear the red tape for offering prospectuses in accordance with the shelf. They use broad language and basically do as little as possible to limit the flexibility of what management can offer.

[Under securities they may deliver](https://www.sec.gov/Archives/edgar/data/1326380/000119312520312781/d50019ds3asr.htm#rom50019_8))

>***Common Stock***
>
>Our charter authorizes us to issue up to 300,000,000 shares of ClassA common stock, par value $.001 pershare (our “common stock”), and up to 5,000,000 shares of preferred stock, par value $.001 per share (our “preferred stock”). As of December1, 2020, there were 69,746,960 shares of our common stock outstanding.

[Here is the 424B5 filing that you are somehow confusing as being a shelf registration (it's not).](https://www.sec.gov/Archives/edgar/data/1326380/000119312520312805/d67321d424b5.htm)) It's the prospectus for the $100m at the market public offering they filed immediately on the back of that shelf registration.

If anyone told you the shelf registration is somehow just limited to $100 million (and that a shelf registration is an offering in and of itself?), they don't know what the fuck they're talking about

>reddit spacing faggot