GameStop Corp. (GME) Form 8-K — Aug 31, 2026
GameStop amended its convertible notes exchange agreements so holders of approximately $1.4 billion of its 0.00% notes due 2030 and 2032 will receive about 55.5 million Class A shares (roughly 73% of consideration) plus approximately $358.4 million in cash (roughly 27%), with the 35-trading-day reference period terminated early and the total share count for the deal fixed. The amended exchange is expected to close on or about September 3, 2026, funded from cash on hand, and will leave approximately $2.8 billion of convertible notes ($1.1 billion of 2030 Notes and $1.7 billion of 2032 Notes) outstanding afterward.
Key figures
- Revenue
- $780 million to $800 million (preliminary Q2 net sales)
- Net Income
- $290 million to $310 million (preliminary)
- Revenue Yoy
- down from $972.2 million in prior-year Q2
- Cash Position
- $5.050 billion to $5.070 billion
- Ebay Net Gains
- approximately $238 million
- Ebay Shares Held
- approximately 43.4 million shares
- Operating Income
- $150 million to $170 million
- Digital Assets Loss
- approximately $75 million
- Consideration Split
- approximately 73% stock / 27% cash
- Ebay Stake Fair Value
- approximately $4.947 billion
- Prior Year Net Income
- $168.6 million
- Exchange Shares Issued
- approximately 55.5 million shares
- Full Quarter Results Date
- September 8, 2026
- Exchange Closing Expected
- on or about September 3, 2026
- Exchange2030 Notes Portion
- approximately $400 million
- Exchange2032 Notes Portion
- approximately $1.0 billion
- Original Notes Outstanding
- $1.5 billion of 2030 Notes and $2.7 billion of 2032 Notes
- Prior Year Operating Income
- $66.4 million
- Exchange Cash Consideration
- approximately $358.4 million
- Exchange Principal Canceled
- approximately $1.4 billion
- Remaining Convertible Notes
- approximately $2.8 billion ($1.1 billion of 2030 Notes, $1.7 billion of 2032 Notes)
- Prior Year Cash And Marketable Securities
- $8.694 billion
Price after filing
Close on the filing date to close N calendar days later (from $18.38). Historical, not a forecast.
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