GameStop distributes warrants to shareholders at $32 exercise price

GameStop Corp. (NYSE: GME) distributed warrants to shareholders and convertible noteholders on October 7, 2025, allowing them to purchase common stock at $32 per share. The distribution followed a previously announced shareholder warrant dividend.

Shareholders of record as of October 3, 2025 received one warrant for every ten shares of GameStop common stock held, rounded down to the nearest whole warrant. Holders of the company's 0.00% convertible senior notes due 2030 and 2032 received warrants on the same ratio based on an "as converted" to common stock basis.

The warrants are exercisable for cash at any time until they expire at 5:00 p.m. New York City time on October 30, 2026. Each warrant initially entitles the holder to purchase one share of GameStop common stock at $32.00.

To be eligible for the warrant distribution, shareholders must have purchased or held their shares no later than October 2, 2025. No fractional warrants were issued in the distribution.

The company's warrant agent handled the distribution process. GameStop filed a Form 8-A warrant registration statement with the Securities and Exchange Commission on October 6, 2025, which included the warrant agreement terms.

Some shareholders and convertible noteholders may experience delays in receiving their warrants due to broker-dealer procedures. The company directed shareholders to contact their brokers with questions and review additional information on its investor relations website.

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