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    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

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    Long serving US Senator Dianne Feinstein dies at 90

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    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

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    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

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    NLC, TUC declare nationwide indefinite strike

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    Student Loan Act: How to apply for the loan, all you need to know

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    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

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    NGX Daily Equities Market Report: Market gains for third consecutive days

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    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

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    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

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    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

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    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

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    ELECTION: How to check your polling unit, code online

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    4 things to consider before buying a laptop

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    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

    Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

    Supreme Court sets date for hearing Nnamdi Kanu’s case

    Long serving US Senator Dianne Feinstein dies at 90

    Long serving US Senator Dianne Feinstein dies at 90

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG, States & LGAs share a total of N1.1 trillion August revenue – FAAC

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

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    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

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    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

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    • All
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    • Investogist Business Saturday
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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

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Gamestop announces plans to sell 3.5 million shares, share price tumbles 14%

Monday, 5 April 2021, 4:21 pm
in News
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Gamestop rally due to institutional speculative option bets
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Gamestop has announced plans to sell 3.5 million shares in a bid to take advantage of the controversial short squeeze rally of February. The firm announced on Monday that it has filed a prospectus supplement with the United States Securities and Exchange Commission, under which it may offer and sell up to 3.5 million shares of GME stock via an at-the-market, or ATM, equity offering program.

The common stock will be issued through American multinational independent investment bank Jefferies Group. Jefferies may sell common stocks by “any lawful method deemed to be” an ATM offering as defined by rule Rule 415(a)(4) of the Securities Act. “Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices,” the firm stated.

Gamestop emphasized that the offering is strongly limited to 3.5 million shares and a proceed of $1 Billion. “ In no event will the Company sell more than 3,500,000 shares of Common Stock under the ATM Offering, and aggregate gross proceeds will not exceed $1,000,000,000″

Gamestop intends to use the proceeds of the ATM offering to “further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet.” Adding that its total global sales increased nearly 11% for the nine-week period ending April 3, 2021

Following the announcement the price of the stock tumbled more than 14% to a low of $164.81 before recovering to $186.02 where it sits at time of press.

Victor Nnadi

Victor Nnadi is an Independent Economics Researcher and a Securities Trader.

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MTN Nigeria to pay over N200 billion final dividend for 2022

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Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

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CBN assigns roles to new deputy governors

Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

Supreme Court sets date for hearing Nnamdi Kanu’s case

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