Olshan Frome Wolosky LLP client GameStop Corp. recently announced that it has completed its previously disclosed at-the-market equity offering program. The company sold 20 million shares of its Class A common stock in this ATM offering, which raised gross proceeds (before commissions and offering expenses) of approximately $400 million for the company. GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments. This ATM offering follows GameStop’s June 2024 offering, which raised gross proceeds (before commissions and offering expenses) of approximately $2.137 billion for the company, and its May?2024 offering, which raised gross proceeds (before commissions and offering expenses) of approximately $933 million for the company. Gross proceeds for the three offerings total approximately $3.47 billion. Olshan Corporate partner Ken Silverman led the Olshan team in this matter, which included partner Honghui Yu and associates John Corrado, Rachel Gold and Judith Renner. #OlshanLaw #ATMOffering #CorporateLaw #SecuritiesLaw https://lnkd.in/eHKQSfmK
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Hi, my name is Edwin Barnesc. I write about #GMERICA which focuses on Ryan Cohen, executive chairman of GameStop and his investments into stocks like $GME and $BBBY and its connections to Donald Trump's $DJT. After 4 years, I have made one of the greatest discoveries of my lifetime. I believe Donald Trump's vision and promise to save America called Agenda 47, will lead to the creation of a conglomerate and new holdings corporation. This corporation is TMTG or Trump Media Technology Group and will contain portfolio companies such as buybuyBABY 2.0 and others, through a series of mergers and acquisitions. This transaction will require a carve-out of buybuyBABY, the subsidiary company within Bed, Bath & Beyond (undergoing chapter 11) which will be loaded into a shell company called BBBY Acquisition Co, LLC Upon completion and emergence of chapter 11, BBBY Acquisition Co, LLC will then go into a reverse-merger involving Pish Posh, Inc and IPO under $BABY This will complete the transaction of buybuyBABY 2.0 which will issue new equities under the ticker $BABY and cause the mother of all short squeezes (MOASS). The stocker tickers for $GME and $DJT have been heavily naked shorted, and as a result will cause tremendous shock in the financial and global monetary systems. Ryan Cohen is directly involved in working with President Trump to help build this new corporation which has been meme'd as Teddy. I refer to this as Teddy MEGA Corp, as in Teddy Makes Everything Great Again (MEGA) corporation. Donald Trump promises life-saving medicine, cancer cures, and unlimited energy for America under Agenda 47. To deliver on this promise, I have discovered 108 companies (likely more) that each specialize in offering these miracles and I have created a video to show you. Watch it here and use the timestamps, I suggest starting at 16:17: https://lnkd.in/ejdNjDGQ Also, available on Rumble: https://lnkd.in/ebGEED8D Update 11/21/24: at the time of this original post, Donald Trump was not President but now he is which means we are closer to the Endgame #MOASS For latest research, visit: TeddyMEGAcorp.com
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?? GameStop Corp. has completed an “at-the-market” equity offering program, selling 45M shares for $933.4M in gross proceeds. Funds will go towards general corporate purposes, including acquisitions and investments. The company has raised $1.7B from similar programs during and after the pandemic. Despite cash flow challenges, GameStop aims to use these funds to bolster operations. As of FY23, GameStop held a $1.2B net cash position. New proceeds may help cushion further cash burn and give management more time to improve operations. #SEC #MarketUpdate #GameStop #FinanceNews #StockMarket #CorporateStrategy #Investments #CorporateFinance #BusinessUpdate #FinancialHealth #BusinessGrowth #InvestorNews #Retail #RetailNews #RetailStat
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"All Stock Merger of Equals Announced: BHLB announced the acquisition of Brookline Bancorp, Inc. (BRKL, Not Rated, $1.1B Market Cap) in an all-stock deal. The combined company will have about $24 billion in assets, $18 billion in deposits, and $19 billion in loans. The transaction will create a new franchise operating in 5 northeast states with BHLB as the legal and currency acquiror and BRKL the accounting acquiror."
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If you are a direct investor in JSE listed companies and you think you have the same rights as all other shareholders - I'm afraid to break it to you, but you really don't... Just take a read of Pick n Pay's circular issued last week asking all shareholders to authorise the listing of Boxer - but crucially, withholding the basis on which shares will be issued in the IPO, or even the identity of the bookrunners who will have unfettered discretion to invite participants in the IPO - a pretty material fact for shareholders to consider before voting, I would have thought? https://lnkd.in/dGySxwVj
After the Bell: Are retail shareholders being ‘rope-a-doped’ in the Boxer IPO?
dailymaverick.co.za
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Blackstone is making moves again! They’ve just announced a $4 billion deal to take Retail Opportunity Investments Corp private in an all-cash transaction, including debt. Here’s what you need to know: ?? ROIC owns 90+ grocery-anchored shopping centers across the U.S. ?? Blackstone is offering $17.50 per share—a 5.5% premium. ??ROIC shares jumped 4.3% on the news and are up 18.2% this year. With $336.1 billion in real estate assets under management, Blackstone continues to dominate the market. This deal is set to close in Q1 2025. What are your thoughts on this acquisition? Share your insights below! #banks #markets #investing
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Even as volume for portfolio purchases and sales remains robust (with a number of large portfolios in or about to enter the market), we are seeing an uptick on GP-led secondary activity globally. Sharing some perspectives from a recent discussion that my colleagues Paul Van Houten, Debra Lussier and I had with Buyouts. #secondaries
Ropes & Gray Attorneys Discuss Secondaries in Buyouts Insider | News & Events | Ropes & Gray LLP
ropesgray.com
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The number of private-equity exits remains stunted compared with a couple of years ago, but first-quarter activity shows some positive signs for an industry that is running against the clock to return cash to investors.? Home Depot's planned acquisition of building-materials supplier SRS Distribution, disclosed in March, helped push the overall value of U.S. private-equity exits to $62.77 billion in the first quarter, about 16% higher than in the fourth quarter, according to data provider Dealogic. The data includes mergers and acquisitions, initial public offerings and secondary stock offerings.
U.S. Private Equity Sees Hope for Exits
wsj.com
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???? ???????? ???????????????????? ?????? ?????? ???????? Two mega-deals with: ? Simpson Thacher & Bartlett LLP advising Blackstone Real Estate Partners X in its $10 billion buy of Apartment Income REIT Corp (represented by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates). ? Freshfields Bruckhaus Deringer advising Johnson & Johnson’s $13.1 billion acquisition of Shockwave Medical (represented by Fenwick & West). In addition to these two megadeals, there were five additional deals valued at more than $1 billion each that were announced in the past week, as well as a new SPAC, one new SPAC merger and five new IPOs. Debt offerings remained strong, with 12 debt offerings over $500 million. Overall, mega deals are increasing, with the strongest opening quarter for deals larger than $10 billion since 2019. IPOs are becoming more consistent and overall sentiment seems to continue to be positive. Full details can be found at this link: https://lnkd.in/geWj6X4Z
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?? New Year, New Beginnings! In 2025, Addition Financial will welcome in Envision Credit Union through a planned merger, and we couldn't be more excited. ??? Check out our announcement video featuring insights from Addition Financial President/CEO Kevin Miller and Envision Credit Union President/CEO Darryl Worrell on why this merger is great news for our members.
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Has the secondaries market reached a tipping point? Partners Isabel Dische, Debra Lussier and Paul Van Houten discuss what’s driving the current market for both GP-led and LP portfolio transactions, and whether this pace will continue in this special report on the #secondaries market from Buyouts. #assetmanagement #GP #LP
Has the secondaries market reached a tipping point? Leading secondaries partners talk about the market and what’s ahead in Buyouts Magazine’s “Secondaries Special Report 2024” | Insights | Ropes & Gray LLP
ropesgray.com
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