According to Wu, GameStop announced that it will increase the previously announced private placement scale from $1.75 billion to $2.25 billion, issuing 0.00% convertible senior notes due June 15, 2032, with no interest and no increase in principal. It is expected to be completed by June 17, 2025, with a net fundraising amount of approximately $2.23 billion, and if the over-allotment option is exercised, it will be $2.68 billion. The company plans to use the funds for general corporate purposes, including investments in accordance with its investment policy and potential acquisitions.