GameStop exchanging $1.4B convertible notes for stock, eliminating debt without cash

Filed August 3, 2026 · Period ending August 2, 2026 · ~1 min read

Key Changes

• high

  GameStop agreed to exchange $1.4B in convertible notes ($400M due 2030, $1.0B due 2032) for common stock through private agreements with existing noteholders, retiring debt without using cash.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Long-term debt will decrease by $1.4B at closing (expected Sept 23, 2026), leaving $2.8B in convertible notes outstanding ($1.1B 2030 Notes, $1.7B 2032 Notes).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Share count to be issued depends on average VWAP over 35 trading days starting Aug 3, 2026, subject to a price floor; final dilution impact remains uncertain until reference period completes.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →